Durbin and Obama Request Meeting with CEO and President of Bank of America to Discuss the Acquisition of LaSalle Bank

September 14, 2007 -- [WASHINGTON, D.C.] – U.S. Senator Dick Durbin (D-IL) and Barack Obama (D-IL) early this morning sent a letter to the CEO and President of Bank of America Corporation, Kenneth D. Lewis requesting a meeting with Mr. Lewis and the most senior executive who will be based in Chicago to discuss the potential loss of employment and community involvement that may result from Bank of America’s acquisition of LaSalle Bank.

This afternoon, the Federal Reserve Board announced its approval of the application of Bank of America Corporation, to acquire LaSalle Bank Corporation.

The text of the letter appears below:

September 14, 2007

Kenneth D. Lewis
Chairman of the Board
Chief Executive Officer and President
Bank of America Corporation
Bank of America Corporate Center
100 N Tryon Street
Charlotte NC 28255-0001

Dear Mr. Lewis:

We respectfully request to meet with you and the most senior executive in your organization that will be based in Chicago to discuss your pending acquisition of LaSalle Bank.

As you know, LaSalle Bank has long played an integral role in the local economy in Chicago and has been greatly supportive of local philanthropic and community development initiatives.

Therefore, we would like to discuss the following:

- The loss of local employment in Chicago

- The reduction of competition in the local banking markets and the impact on consumer services

- The lessening of cultural and charitable support for the Chicago area

- The contraction of community reinvestment in distressed areas of Chicago

Please contact Senator Durbin's office and Senator Obama's office to schedule a discussion at your earliest opportunity.

Thank you for your consideration.

Sincerely,

Richard J. Durbin
United States Senator

Barack Obama
United States Senator

Source: Senator Dick Durbin

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