Gapers Block published from April 22, 2003 to Jan. 1, 2016. The site will remain up in archive form. Please visit Third Coast Review, a new site by several GB alumni.
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Monday, October 14
The $21 billion sale of LaSalle Bank to Bank of America is a relatively small part of one of the largest financial mergers ever by LaSalle's soon-to-be-former parent company. Global implications, yadda yadda. I'm more concerned with speculating how the deal will affect our civic life: will BoA close some superfluous branches, thereby freeing up some storefronts for businesses that are actually useful and enjoyable? Seriously, Chicago is drowning in bank branches. And what's the fate of the LaSalle Bank Cinema, or the only-christened-last-May LaSalle Bank Theatre? "Bank of America Theatre"? Gross.