St. Petersburg Times
Special report
Video report
  • For their own good
    Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
  • More video reports
Multimedia report
Print Email this storyEmail story Comment Letter to the editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message

BOA gets a green light for bank buy

Associated Press
Published September 15, 2007


CHARLOTTE, N.C. - Bank of America Corp. said Friday it has received approval from the Federal Reserve to complete its $21-billion purchase of Chicago's LaSalle Bank Corp.

The decision is the final regulatory approval needed for the transaction, which is expected to close in early October, Bank of America said.

The purchase will create a leading banking franchise in Chicago and Michigan, two areas where LaSalle mainly operates.

LaSalle has about 411 branches, 1,500 automated teller machines and 1.4 million customers.

Adding LaSalle would give Bank of America more than 6,100 branches and close to 10 percent of deposits nationwide.


[Last modified September 15, 2007, 00:19:02]

Share your thoughts on this story

[an error occurred while processing this directive]
Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters