After a long evaluation period, La Salle Bank has engaged North Shore Systems of Irvine, CA to implement a customized version of its commercial loan origination system across multiple lines of business in the U.S.
LaSalle Bank Corporation (LBC), the parent company of LaSalle Bank NA (LBNA) and Standard Federal Bank (SFB), is the second largest bank in the Midwest. LaSalle Bank, which operates through more than 130 locations throughout Illinois, has over USD 61 Billion of assets and USD 35 billion in deposits. Standard Federal Bank, headquartered in Troy, Michigan, has over USD 45 billion in assets and USD 22 billion in deposits.
LaSalle Bank Corporation is a subsidiary of ABN AMRO. Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 601 billion (as of 30 September 2003). It has over 3,000 branches in more than 60 countries and territories, and has a staff of over 100,000 full-time equivalents worldwide. ABN AMRO is listed on the Euronext, London and New York stock exchanges.
LBC has chosen North Shore to support commercial real estate origination activities in the following three areas:
- Commercial Real Estate Portfolio Lending (Balance Sheet)
- Commercial Conduit Group (CMBS)
- Multifamily Finance Group (Small Apartment Lending)