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Amcore Reports Smaller Q4 Loss
Posted on February 2nd, 2010 No commentsAmcore Financial Inc., a Rockford, Ill.-based bank holding company that sold four of its Wisconsin branches in 2009 to help shore up its capital position, reported a smaller net loss for the fourth quarter of 2009, the Business Journal of Milwaukee reported.
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Regulators Reject Amcore Plan
Posted on January 13th, 2010 No commentsThe Office of the Comptroller of the Currency has rejected Rockford, Ill.-based Amcore Bank’s revised plan to shore up its capital structure, the Wisconsin State Journal reported.
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Amcore Reaches Agreement With Lender
Posted on December 18th, 2009 No commentsRockford, Ill.-based Amcore Financial, parent of Amcore Bank, announced an agreement with its lender, JP Morgan Chase Bank, on a $20 million loan, the Wisconsin State Journal reported.
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Amcore Completes Sale of Branches to UB&T
Posted on November 20th, 2009 No commentsRockford, Ill.-based Amcore Bank has finalized the sale of its New Glarus and Belleville branches to Union Bank & Trust in Evansville, Wis., involving $19 million in loans and $31 million in deposits, the Wisconsin State Journal reported.
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Regulators Reject Amcore Plan
Posted on November 10th, 2009 No commentsFederal regulators have rejected Amcore Financial’s plans to strengthen its finances and have given the Rockford bank one month to raise money or prepare to merge or be sold, the Wisconsin State Journal reported.