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PrivateBancorp Inc., which hired dozens of former LaSalle Bank lenders in hopes of becoming the Chicago area’s top middle-market business financier, has been hit with a shareholder lawsuit saying it routinely sacrificed loan quality for quantity as it aggressively ramped up growth.
The suit, which seeks class-action status, was brought by the City of New Orleans Employees’ Retirement System. It’s represented by New York law firm Bernstein Litowitz Berger & Grossmann LLP. Get the full story »
By Becky Yerak
| Mark Sander, the former longtime LaSalle Bank commercial lender who in
September 2009 joined Associated Bank in Chicago, is putting together
some of his old team.
Associated, which is based in Green Bay but which earlier this year said
it wanted to boost its commercial banking ranks in Chicago by nearly 30
percent, has hired Peter Bulandr as a specialized financial services
market manager. He’ll be based in Chicago and will lead a group of
bankers that’ll serve the insurance industry.
