$21 Billion in Cash Buys Lasalle

Summary


CHARLOTTE, N.C. - A year after making a successful $34.2 billion move into credit cards, Bank of America Corp. found yet another multibillion opportunity to grab more customers.

The Charlotte-based bank said Monday that it will purchase LaSalle Bank Corp. from ABN Amro North America Holding Co. for $21 billion in cash.

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Extract


$21 Billion in Cash Buys Lasalle

The deal, initially announced by ABN Amro on Monday when the Dutch bank agreed to sell its...

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