AMCORE BANK, NATIONAL ASSOCIATION Failed 2010

What happened

AMCORE BANK, NATIONAL ASSOCIATION of ROCKFORD, IL was closed on 2010-04-23. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HARRIS NATIONAL ASSOCIATION (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3784

FDIC Certificate

3735

FDIC FIN

10218

Bank name

AMCORE BANK, NATIONAL ASSOCIATION

Location

ROCKFORD, IL

Failure date

2010-04-23

FDIC resolution date

2010-04-23

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$11M

Deposits at failure

$2,743M

Assets at failure

$3,066M

Acquiring bank

HARRIS NATIONAL ASSOCIATION (CHICAGO, IL)