ABN Amro rejects $24.5 billion bid for LaSalle Bank

LaSalle is at the center of a struggle for control of the largest Dutch bank.

The bidders, grouping Royal Bank, Santander Central Hispano SA and Fortis for Chicago-based LaSalle outbid the $21 billion offer from Bank of America Corp., ABN Amro said.

The offer, however, was on condition that the group buys all of ABN Amro, the Dutch banking group, based in Amsterdam, said.