LaSalle National Bank, Chicago, has hired Drew E. Waitley as a senior vice president to head its newly formed contractors division.
The division will offer specialized financial services to contractors in Chicago and throughout the Midwest.
Mr. Waitley was a vice president with Schwartz Brothers Insurance Agency, Chicago, where he specialized in contractor bonding. He said the lenders in the new LaSalle division, part of the bank's commercial lending department, would use knowledge of surety bonding to find creative ways to maximize bonding capacity.
The division will also offer estate planning, investment services, and cash management products.
LaSalle is a unit of ABM Amro Holdings in the Netherlands.