CHICAGO -- ABN Amro North America Inc. said it has received the Federal Reserve Board's approval to acquire Cragin Financial Corp., a Chicago-based thrift holding company.
Cragin shareholders will be getting more than $500 million in the sale.
ABN Amro North America, a unit of the Netherlands-based financial conglomerate ABN Amro and the parent of LaSalle National Bank in Chicago, said Cragin will be known as LaSalle Cragin Bank.