STRATEGIC PARTNERS
December 17, 2001
LaSalle wins ATM contract
CHICAGO -- The City Colleges of Chicago have awarded LaSalle Bank a four-year contract as the exclusive provider of ATM services at the seven campuses.
The City Colleges of Chicago's board of trustees awarded the pact, which includes a partnership with Seaway National Bank, the nation's largest black-owned commercial bank, which has four branches on the South and Southeast sides.
Seaway National will assume ownership of 25 percent of the contract, including sharing of expenses, profits and servicing. Seaway has partnered with LaSalle on other contracts.
The ATM contract also includes three, one-year renewal options upon expiration of the original agreement, which means LaSalle Bank can potentially have a seven-year presence at the campuses.
