<P> On November 20, 2006, Bank of America announced the purchase of The United States Trust Company for $3.3 billion, from the Charles Schwab Corporation . US Trust had about $100 billion of assets under management and over 150 years of experience . The deal closed July 1, 2007 . </P> <P> On September 14, 2007, Bank of America won approval from the Federal Reserve to acquire LaSalle Bank Corporation from ABN AMRO for $21 billion . With this purchase, Bank of America possessed $1.7 trillion in assets . A Dutch court blocked the sale until it was later approved in July . The acquisition was completed on October 1, 2007 . Many of LaSalle's branches and offices had already taken over smaller regional banks within the previous decade, such as Lansing and Detroit based Michigan National Bank . </P> <P> The deal increased Bank of America's presence in Illinois, Michigan, and Indiana by 411 branches, 17,000 commercial bank clients, 1.4 million retail customers, and 1,500 ATMs . Bank of America became the largest bank in the Chicago market with 197 offices and 14% of the deposit share, surpassing JPMorgan Chase . </P> <P> LaSalle Bank and LaSalle Bank Midwest branches adopted the Bank of America name on May 5, 2008 . </P>

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