| Michigan National Bank |
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ABN AMRO announced on 22 November 2000 , that it had signed a definitive agreement with National Australia Bank Ltd for the acquisition of Michigan National Corporation (MNC) for USD 2.75 billion in cash. MNC is a commercial bank holding company and since 1995, a wholly owned subsidiary of the National Australia Bank . At the time, it had total assets amounting to USD 11.6 billion. MNC's primary subsidiary is Michigan National Bank with 3,600 employees, 184 branches and 332 ATMs. On 2 April 2001, MNC was acquired by ABN AMRO North America, Inc. The 2001 acquisition created the second largest bank in Michigan as ranked by assets. Because of the merger between Standard Federal Bank and Michigan National Bank the name of the bank was changed to Standard Federal Bank NA with effect from 9 October 2001. As a result of this merger, the Standard Federal Bank brand operated approximately 300 branches and 850 ATMs in the state of Michigan, more than any other financial institution. As of 12 September 2005 , Standard Federal Bank changed its name to LaSalle Bank . |
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