HOFFMAN ESTATES, Ill., Aug. 13 /PRNewswire-FirstCall/ -- Life Spine announced today that it has entered into a new relationship with LaSalle Bank, N.A., the largest bank headquartered in Chicago, and an indirect subsidiary of Netherlands-based ABN AMRO Bank N.V. The credit facility from LaSalle will be utilized to help finance Life Spine’s rapidly flourishing spinal implants product line, as well as assist in further advancement of the company’s distribution network in the U.S. and abroad.
Dan Martino, Controller for Life Spine, stated, “While Life Spine continues to achieve strong profitability, our needs have continued to expand in new product development as well as field distribution. LaSalle’s support is an endorsement of our efforts to date, and provides an important avenue for Life Spine to access the capital necessary to continue our progress.”
“LaSalle Bank is honored to partner with Life Spine and support their efforts to provide surgeons with the tools needed to better serve their patients,” said Mark Scheffers, Group Senior Vice President of Business Banking at LaSalle Bank. “We strive to give our clients the resources needed to fulfill their dreams and empower change. Life Spine’s products are revolutionizing the orthopedic and neurosurgery industries by giving spinal patients hope of recovery.”
About Life Spine
Life Spine, Inc. is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and the most technologically advanced manufacturing platforms. Life Spine has been on a rapid pace in achieving regulatory approvals, receiving six separate 510(k) approvals from the FDA for new products in the last year. Life Spine, which is privately held, is based in Hoffman Estates, Illinois, and additional information about the company can be found at http://www.lifespine.com.
About LaSalle Bank
LaSalle Bank, N.A. is the largest bank headquartered in Chicago, with USD 77 billion in assets and USD 43.8 billion in deposits. LaSalle Bank serves individuals, small businesses, middle-market companies and institutions through 135 retail locations, 450 ATMs in Chicago and its suburbs, and online at http://www.lasallebank.com.
LaSalle Bank has retail and commercial operations in 20 states and 26 cities across the U.S. In addition, it offers specialty services through its direct and indirect subsidiaries, including LaSalle Financial Services, Inc., LaSalle National Leasing Corporation and LaSalle Business Credit, LLC.
Parent company LaSalle Bank Corporation, also headquartered in Chicago, has more than USD 118.3 billion in assets. It is an indirect subsidiary of Netherlands-based ABN AMRO Bank N.V., a leading international bank with total assets of EUR 1,120.1 bln. ABN AMRO operates 4,500 branches in 53 countries, and has a staff of more than 107,000 full-time employees worldwide.
LaSalle Bank N.A., Member FDIC, Equal Opportunity Lender
(C) 2007 LaSalle Bank Corporation
Life Spine, Inc.
CONTACT: Richard Greiber, Director of Marketing of Life Spine, Inc.,+1-847-884-6117
Web site: http://www.lifespine.com//
