The planned acquisition of LaSalle Bank by Bank of America announced this morning would likely mean an expansion of small-business lending in
Jim Young, president and CEO of Indiana Business Bank, said Bank of America would build on the foothold established in
“I would expect BOA to come to a (market) like
From its local offices downtown and in
Bank of America helped pioneer the centralization of small-business underwriting, Young noted. As a result, the
That suggests Bank of America will scour the
LaSalle Bank will be spun off by its Dutch Parent, ABN Amro, for $21 billion as part of a larger deal considered to be the world’s biggest financial-services takeover.
ABN Amro this morning said it would back a $91 billion acquisition offer from Barclays, the London-based bank giant, but consider other offers. LaSalle’s headquarters in the