LaSalle National Corp., Chicago, will merge its trust subsidiary, LaSalle National Trust, with its commercial bank, LaSalle National Bank. As part of the merger, LaSalle National Bank will continue to offer all of LaSalle National Trust's institutional services - including custody, corporate and personal trust and 401(k) services - and will form a new wealth management unit including private banking, trust investment management and administration and the high-net-worth brokerage unit of LaSalle Corp.'s parent, ABN AMRO Investment Services.
James B. Wynsma, currently president of LaSalle National Trust, will become a vice chairman and director of LaSalle National Bank. LaSalle is searching for a person to head the new wealth management unit, who will report to Mr. Wynsma. The merger will be effective Jan. 2, subject to regulatory approval.