Bank's plans unclear after LaSalle buy: Bank of America unlikely to grow local retail biz, but lending office should stay, industry observers say

But here in Indianapolis, where LaSalle's lone location is a downtown commercial lending office, banking observers don't expect Bank of America retail outlets to follow. "I don't think [Indianapolis] will be a primary focus, at least not in the near term," said Tom Kersting, an Edward Jones analyst in St. Louis who follows the bank. "Their main purpose in making the purchase was getting the Chicago presence. That was the last major market they were lacking." Even so, observers say...

 

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