Sunday, April 22, 2007

LaSalle Bank, owner of the Chicago Marathon, being sold to Bank of America


The Bank of America, a relative stranger to the Midwest, is buying Chicago's LaSalle Bank. Currently LaSalle is owned by the Dutch financial firm, ABN-AMRO.

However, to many people in the running community, LaSalle Bank is best known as the owner of the Chicago Marathon, which just last week reached its registration cap of 40,000 runners. The race was only modestly popular among runners until LaSalle bought it in 1995; prior to that, among American fall marathons, it was the New York City Marathon and all the rest. Now it's New York, Chicago, and all the rest.

In the Chicago area, LaSalle is particularly aggressive in the home mortgage sector of the banking business.

Today is an unusual day, not only do I have two business posts on Marathon Pundit, it's Sunday, traditionally a slow day for business news.

Related post: Chicago Marathon is sold out

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