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LaSalle Bank Corporation, the parent company of LaSalle Bank and LaSalle Bank Midwest, was the largest bank with headquarters in Chicago. It has USD 75 billion in assets and USD 44.4 billion in deposits. At its peak, LaSalle Bank had over $110 billion in assets, which today would rank in the top 30 for largest American banks. In 2007, Bank of America acquired LaSalle Bank, and in May 2008 LaSalle's banking branches all took on the BofA name.
LaSalle Bank's history dates back to 1927, when the National Builders Bank of Chicago was founded. It became LaSalle National Bank in 1940, then LaSalle Bank in 1999. Eventually, the bank grew to have 146 branch banking locations and 450 ATMs in the Chicagoland area alone. Its sister bank, LaSalle Bank Midwest, served Michigan and Indiana with 264 banking branches and over 1,000 ATMs. In 2007, Bank of America purchased LaSalle Bank for $21 billion, giving it a larger footprint in Chicago and Michigan.
Midwestern customers who came to know and trust LaSalle Bank will find similar products and customer service at Bank of America. BofA offers the same certificates of deposit (CDs), savings accounts, and traditional checking accounts that LaSalle offered. Additionally, the bank is one of the largest mortgage lenders in the United States, offering fixed rate loans, adjustable rate mortgages (ARMs), and VA products.
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