Bank of American managed to fight off a hostile take over by the Royal Bank of Scotland to acquire LaSalle Bank from its parent company ABN Amro. The Dutch Supreme court has cleared the way for Bank of America and conversion seems all but inevitable for all of you LaSalle Bank customers.
Upset? Tell it to Marshall Field’s. After the LaSalle Banks are converted to Bank of America, BoA will be the largest bank in Chicago and have a firm foothold in Michigan as well.