Highlights
LaSalle Bank, the Chicago area's second-biggest bank in deposit market share, was bought by Bank of America Corp., the nation's second-biggest bank, on Oct. 1, 2007. Not since the 2004 acquisition of Bank One by JPMorgan Chase has there been the promise of so much churn on the Chicago banking landscape. Although LaSalle had long been owned by a Dutch company, ABN Amro, the purchase by Bank of America meant the end of the LaSalle name, which has a 67-year tradition in Chicago. Overnight, the deal made Bank of America -- previously not among Chicago's 10 biggest banks -- the leading financial institution in the Windy City, narrowly edging out Chase. Bank of America has said it plans to cut 2,5...
LaSalle Bank, the Chicago area's second-biggest bank in deposit market share, was bought by Bank of America Corp., the nation's second-biggest bank, on Oct. 1, 2007. Not since the 2004 acquisition of Bank One by JPMorgan Chase has there been the promise of so much churn on the Chicago banking landscape. Although LaSalle had long been owned by a Dutch company, ABN Amro, the purchase by Bank of America meant the end of the LaSalle name, which has a 67-year tradition in Chicago. Overnight, the deal made Bank of America -- previously not among Chicago's 10 biggest banks -- the leading financial institution in the Windy City, narrowly edging out Chase. Bank of America has said it plans to cut 2,500 Illinois jobs in the wake of its purchase of LaSalle. Other banks have sought to take advantage of the upheaval by hiring former LaSalle workers and by trying to position themselves as Chicago's pre-eminent middle-market commercial bank, a status that had been previously enjoyed by LaSalle. For its part, Bank of America has said it plans to aggressively compete for customers across all business lines in both Chicago and Michigan, another LaSalle stronghold.
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Tiger Woods fades with a 75 at Augusta
AUGUSTA, Ga. — In his prime, Tiger Woods bounced balls off his wedge.
Friday? He drop-kicked his club at Augusta National.
Woods booted his nine-iron after dumping his tee shot on No. 16 into the front-right bunker.
"We can safely say Tiger has...Tags: Keegan Bradley, Nick Faldo, PGA Championship, CBS Corp., Fred Couples
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MCC snags furniture from building set for demolition
TribLocal - Crystal Lake » NewsThey say one man’s trash is another man’s treasure and for McHenry County College, four floors of office furniture set to be destroyed will now …... -
From the archives: Gery Chico's law-firm woes
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Next stop: Fresh produce
In Steven Casey's Englewood neighborhood, milk and eggs, bread and bologna are easy to find.
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Feds Link Men to Robberies, Crack Dealing
GRAND RAPIDS - Three men from Grand Rapids are accused by federal investigators in a crack cocaine ring. Two of them are also being connected to a series of violent bank robberies. The robberies go back to 2007 where they may have accumilated $146,000...Tags: Bank Robbery, Drug Trafficking, Death, Drugs and Medicines, FBI
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ROGERS CHARTER AIRLINE FILES FOR BANKRUPTCY
Staff WriterROGERS, Ark. (AP) - In Rogers, Aspen Jetride has filed for bankruptcy and its owners plan to liquidate the charter airline service. Pinnacle Air, which operates Aspen Jetride, surrendered its flight certificates in November while majority owner John...Tags: Financially Distressed Companies, Bankruptcy
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Bank of America Could Cut 10% of Branches
AP Business WriterCHARLOTTE, N.C. (AP) — Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a company spokesman said Tuesday. Bank of America spokesman James Mahoney made the...Tags: Mortgages, Charlotte, Countrywide Financial Corp., Merrill Lynch & Company Inc., Bank of America Corp.
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Part 1 of 2: Once grand, now bland
Tribune architecture criticBanks used to be about ritual and permanence. They resembled Greek or Roman temples, with the banker playing the secular priest, dispensing loans instead of benedictions. Banks inspired awe, though their built-for- the-ages classicism was salesmanship,...Tags: House Building, Apple Inc., Children, Northern Trust Corporation, Restaurant and Catering Industry
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Jays' woes may take bite out of LaSalle
It has been a rough few weeks for LaSalle Bank Corp. On Oct. 1 Chicago's No. 2 deposit-gatherer was bought by Bank of America Corp., which plans to cut 2,500 Illinois jobs as part of the integration. Less than a week later, the institution's name was...Tags: Financially Distressed Companies, Marathon, Bank of America Corp., Finance, Auction Service
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So can we call them 'Chicago Boys'?
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Open your minds, calendars for the fall theater season
Metromix.com"The Merchant of Venice" at Chicago Shakespeare, starring the indefatigable Mike Nussbaum as Shylock. The circus-oriented "Hephaestus" at Lookingglass. The classic musical "Gypsy" at Porchlight. "Three by Friel" at the never-say-die Irish Repertory. And...Tags: David Mamet, Comedy (genre), Marriott Theatre, Goodman Theatre, Music Theater
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