Daniel Terpsma Named Head of Commercial Banking for Standard Federal Bank in West Michigan.

Business Editors

TROY, Mich.--(BUSINESS WIRE)--April 18, 2001

Executive Appointment Bolsters Already Strong Commercial Banking Team

as Chicago-based Holding Company Prepares for Fall 2001 Merger

of Standard Federal and Michigan National

Standard Federal Bank has named Daniel Terpsma head of Commercial Banking for its West Michigan Region. In this role, he will oversee all commercial lending activities for the bank in Grand Rapids and throughout West Michigan. Standard Federal Bank, with $20.5 billion in assets, and LaSalle Bank in Chicago ($49 billion in assets), are both subsidiaries of Chicago-based ABN AMRO North America Inc. Michigan National ($12 billion in assets) was acquired by ABN AMRO N.V. on April 1, 2001.

Terpsma has more than 24 years of banking experience, most recently as Executive Vice President of Commercial Banking for Old Kent Financial Corporation. In his new position, he will report directly to Executive Vice President Mark Hoppe, head of Commercial Banking for the combined Standard Federal Bank and Michigan National in Michigan. Terpsma's direct reports will include Tom Bieke, head of middle market lending in West Michigan; Lansing Division Manager Stan Starnes; Kalamazoo Division Manager Joseph McCorkle; and John Collins, head of Agricultural Lending.

"We are very excited to have someone with Dan's experience and knowledge leading our West Michigan Commercial Banking team," said Mark Hoppe. "In West Michigan, the name Dan Terpsma has meant business banking for more than two decades. This appointment reflects Standard Federal's commitment to West Michigan." Mark Hoppe was appointed Executive Vice President, Commercial Banking, for Standard Federal Bank in January, 2001 after serving as Executive Vice President of LaSalle Bank in Chicago, heading its Institutional Financial Services Group.

"This is a great time to be joining Standard Federal Bank," Terpsma said. "Michigan National is uniting with Standard Federal Bank to bring area businesses a new level of products and services(i). In addition, as a member of the ABN AMRO Group, we can offer our clients an expanded range of global resources, a higher degree of responsiveness and efficiency, and a larger more experienced banking team."

Terpsma earned a bachelor's degree from Grand Valley State University in 1978 and an MBA from Western Michigan University in 1983. He began his banking career at Old Kent in 1979 as a commercial loan officer, and went on to hold positions of increasing responsibility, including vice president and manager of corporate banking, and president of Old Kent Bank - East. He serves on the boards of directors of both Riviera Tool & Die in Grand Rapids and Metal Flow Corporation in Holland.

About Standard Federal Bank

Standard Federal Bank, a subsidiary of ABN AMRO North America, Inc., is Michigan's leading home mortgage lender and largest savings bank with $20.5 billion in assets and $12.3 billion in deposits. Headquartered in Troy, Michigan, Standard Federal offers a complete range of retail and commercial banking products through 179 banking centers, 13 home lending centers and 950 ATMs in Michigan, Indiana and Ohio. ABN AMRO Mortgage Group, Inc., a wholly owned subsidiary of Standard Federal, is the nation's sixth-leading originator and tenth-leading servicer of home mortgage loans. Standard Federal is located on the World Wide Web at www.standardfederalbank.com.

About Michigan National

Michigan National, a subsidiary of ABN AMRO North America, Inc., provides diversified financial services and offers creative ideas and product options designed to help consumers and businesses meet their financial goals. Headquartered in Farmington Hills, Michigan, Michigan National has assets of $12 billion and operates through a network of 182 financial centers, 338 ATMs and a full-service call center. Michigan National is located on the World Wide Web at www.michigannational.com.

Note

(i) Standard Federal and Michigan National are scheduled to merge operations in the fall of 2001. After the merger, the combined entity will operate as a full-service commercial bank under the name Standard Federal Bank, a wholly owned subsidiary of ABN AMRO North America, Inc. The combined company will be Michigan's second-largest bank as ranked by assets.

ABN AMRO Bank N.V.

Netherlands-based ABN AMRO Bank N.V. is one of the world's largest banks with total assets of $505 billion and more than 3,500 locations in over 70 countries and territories. ABN AMRO's activities are grouped into three strategic business units: Wholesale Clients, which provides integrated corporate and investment banking services to corporate, financial institutions and public sector clients worldwide; Consumer & Commercial Clients, which focuses on retail and small to medium-size clients in a number of core markets; and Private Clients & Asset Management, which focuses on private banking and fund management clients globally.

In North America, ABN AMRO is headquartered in Chicago and has $183 billion in assets and more than 19,000 employees with banking offices serving wholesale clients in 13 cities in the U.S., Canada and Mexico. ABN AMRO's North American subsidiaries include LaSalle Bank in Chicago; ABN AMRO Asset Management (USA) LLC (a subsidiary of LaSalle Bank); Allegheny Asset Management; ABN AMRO Incorporated; Standard Federal Bank in Michigan; Michigan National Bank; and EAB in New York.(ii)

Notes:

(ii) In February 2001, ABN AMRO Bank N.V. announced that it had reached an agreement to sell EAB to Citibank, N.A. The deal is expected to close in mid 2001.

In January 2001, ABN AMRO Bank N.V. announced that it had reached an agreement to purchase the prime brokerage, corporate finance, domestic equities, and futures and options businesses of ING Barings in North America.