Bye-bye LaSalle
Just when I start to get used to LaSalle Bank Midwest’s name and moniker, I learn today that LaSalle and its subsidiaries likely won’t be around much longer.
As part of the proposed Barclay’s/ABN Amro merger, Bank of America confirmed today that it will purchase LaSalle Bank for $21 billion. If the deal goes through, and it’s looking that way, all current LaSalle branches will become Bank of America branches.
LaSalle’s predecessor was Standard Federal Bank, which has hometown roots: Standard Federal began as Standard Savings & Loan Association in 1893. Its first office was located at Lafayette and Griswold in downtown Detroit.
Don’t forget Michigan National Bank, which ABN AMRO merged into Standard Federal.
I, too, was just getting used to the LaSalle name.
Byspassing the name change – I started as a Michigan National customer and am really unconvinced that Bank of America is going to improve the customer experience. Franklin Bank is starting to look good.