By Becky Yerak | Bank
of America Corp., which in 2007 acquired LaSalle Bank, has named
LaSalle veteran C. John Mostofi head of commercial banking in Illinois,
Indiana, Michigan, Minnesota, Wisconsin and Ohio.
Mostofi, one of the few LaSalle lenders still working for Bank of
America, succeeds Gene Godbold, who’ll continue to lead commercial real
estate banking, a national business. Both are based in Chicago.
In the Midwest region, the bank has 900 commercial lenders, including about 600 in Chicago, who lend to 14,750 companies with revenue from $2 million to $2 billion.
Mostofi joined LaSalle in 1989. Most recently, he was west division president of Bank of America Business Capital, where he was responsible for asset-based loan origination, underwriting and relationship management from Chicago to California and from Canada to Texas.
Read Bank of America’s announcement.