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mergers and acquisitions
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lasalle bank
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mergers and acquisitions
mergers and acquisitions
Bank of America To Layoff 4,000 In LaSalle Bank Merger
LaSalle Bank customers won't just see a name change at their local bank branches, Bank of America has announced plans to layoff 2,500 workers in Illinois and 1,500 in Michigan as part of the merger, according to Portfolio.Buying LaSalle will make BofA (NYSE:BAC) a dominant player in Chicago for the first time. At present, BofA has less than 2 percent of that market's deposits, according to the Federal Deposit Insurance Corp.More »
death to sockpuppets
Stay Out Of Our Comments, PR Douchebags
Regarding this morning's "Bank Of America Wins, Buys Chicago's LaSalle Bank," commenter "Stankwell," whose first and only comment went up today, wrote:
LaSalle customers should be happy. Among other things, they're gaining access to world-class online banking and a coast-to-coast branch and ATM network.Talking points much? Nice try. Seriously. You almost sound like a human. But no. BANNED.As to charitable giving: BofA is a monster — the good kind! Evidence shows that local donations go up considerably under the new regime. Ask any informed person in Boston or San Francisco.
you can run but you can't hide
Bank Of America Wins, Buys Chicago's LaSalle Bank
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. More »
bank of america
Bank of America Buys LaSalle Bank, Becomes Biggest Bank In Chicago
Hey, LaSalle Bank customers! Get ready for that Bank of America feeling! From Bloomberg:Bank of America's takeover of LaSalle will vault it ahead of JPMorgan Chase & Co. in Chicago, increase earnings and satisfy a goal of Chief Executive Officer Kenneth Lewis to gain market share in the third-largest U.S. city. While Bank of America has been opening branches there since 2003, Chicago remained one of the few major U.S. financial centers where it didn't rank among the top five lenders by deposits.You can never escape! Bank of America will find you no matter where you go. It will shut down your coffee shop and it will open a branch. Ha, ha, ha! If you try to use a local bank, it will buy your local bank. It will find you.—MEGHANN MARCO More »
