Getting your player ready...
Charlotte, N.C. – A year after making a successful $34.2 billion move into credit cards, Bank of America Corp. found yet another multibillion-dollar opportunity to grab more customers.
The Charlotte-based bank said Monday it will purchase LaSalle Bank Corp. from ABN Amro North America Holding Co. for $21 billion in cash.
ABN Amro announced Monday that the rest of the Dutch bank will be sold to Barclays for nearly $91.2 billion.
The Bank of America move fills a big hole in its nationwide branch network by making it Chicago’s largest bank.
It also raises questions. Bank of America is up against a federal cap that bars it from making acquisitions that would give it more than 10 percent of all U.S. deposits.
