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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 .
Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank [26] Also in 1996, RBC started providing banking information online and had the first personal computer banking software released ...
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.
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