ABN Amro North America said Tuesday that it had agreed to buy Comerica Inc.'s Illinois banking unit for $190 million in cash, or 1.15 times book value.

The acquisition would be the fifth since 1990 for the U.S. subsidiary of ABN Amro, the Dutch financial services conglomerate that owns LaSalle Banks in the Chicago area.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.