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On April 23, 2007, an agreement was made to sell LaSalle Bank Corporation to Bank of America for US$21 billion. [3] Bank of America officially took over LaSalle on October 1, 2007. [ 4 ] This was a defensive move by ABN AMRO to stave off its own purchase by a consortium led by Royal Bank of Scotland .
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Standard Federal Bank was a Troy, Michigan-based bank serving Michigan and Northern Indiana in the United States which was acquired by Bank of America on 5 May 2008. [1]In 2005, Standard Federal was the largest bank in Michigan based on number of retail branches (265), ATMs (more than 1,000) and deposits (US 23.3B, 15.06% market share); it ranked second in assets.
In 2005, Standard Federal became LaSalle Bank Midwest to unite ABN AMRO's two banking networks in the U.S. In 1995, ABN AMRO purchased The Chicago Corporation, an American securities and commodities trading and clearing corporation. [10] Other major acquisitions included the Brazilian bank Banco Real in 1998, and the Italian bank Antonveneta in ...
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