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GSB Names Norman R. Bobins ('67) Endowed Professorship

January 04, 2008

Norman R. Bobins, who retired as chairman of LaSalle Bank Corp. on December 31, 2007, has been honored with an endowed professorship in his name at the University of Chicago Graduate School of Business. Bobins received his MBA from the school in 1967.

Funds for the Norman R. Bobins Professorship were donated by LaSalle Bank Corp. and by Bank of America. Bank of America recently acquired LaSalle Bank. Norman Bobins and his wife Virginia also contributed, along with the James Nicholson family of Detroit. Nicholson, a close friend and classmate of Bobins’ at Chicago GSB, is president and chief executive of PVS Chemicals, Inc., Detroit.

The $3 million raised to create the Norman R. Bobins Professorship will provide salary and research funds to a leading scholar with interests in finance, economics or banking, the school announced today. Chicago GSB has 42 endowed professorships in finance, economics, marketing and other disciplines.

“This is the largest gift we have ever received to create an endowed professorship,” said Edward Snyder, dean of Chicago GSB. “It is a fitting tribute to a leader of the Chicago banking and business community scene for so many years,” he said.

Bobins career in banking spans more than 40 years, including 26 years at LaSalle Bank and its predecessor, Exchange National Bank.

“I am deeply grateful to the Chicago GSB and am very honored by this endowment,” Bobins said. “The training and education I received during my time at the Graduate School of Business prepared me well for the career I have enjoyed since my graduation four decades ago.”

“As a longtime colleague of Norm’s, I am very proud that Bank of America is participating in this exciting endowment,” said David J. Rudis, Illinois market president for Bank of America. “This is a wonderful way to honor Norm’s legacy.” Since graduating from Chicago GSB, Bobins has remained closely involved with the school. He is a member of the Council on the Graduate School of Business, a group of senior executives that provides advice and a link to the business community.

In 2005, Bobins received the distinguished alumnus award from the school for his work in the corporate sector.

The University of Chicago Graduate School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. It is consistently ranked as one of the top business schools in the world. The Chicago Approach to Management Education is distinguished by how it leverages fundamental knowledge, its rigor, and its practical application to business challenges.

Chicago GSB offers a full-time MBA program, an evening MBA program, a weekend MBA program, an executive MBA program, a PhD program, open enrollment executive education, and custom corporate education.