A coalition of community reinvestment, labor, and religious organizations was announced Wednesday, August 22 during the release of a study predicting substantial job loss and a decline in tax revenue as a result of the acquisition of LaSalle Bank by Bank of America. The coalition, convened by SEIU Local 1, is asking for a firm commitment from Bank of America to protect local jobs, increase lending presence in minority communities and invest in local communities. Citing a similar takeover in 2004 of Boston’s Fleet Bank when a community coalition successfully ensured Bank of America altered merger plans to preserve thousands of local jobs, area community leaders are calling on the nation’s largest bank to do the same for Chicago.