Bank Failure
AMCORE Bank, N.A.
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Closed April 23, 2010 · Rockford, IL · FDIC Cert #3735.
- Closing date
- April 23, 2010
- Headquarters
- Rockford, IL
- FDIC Certificate
- 3735
- Total assets at closing
- $3.07B
- Total deposits at closing
- $2.74B
- Estimated loss to the insurance fund
- $10.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Harris N.A.
Context
On April 23, 2010, regulators closed AMCORE Bank, N.A., headquartered in Rockford, IL. At closing, the institution held approximately $3.07B in assets and $2.74B in deposits. The FDIC record names Harris N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $10.8M.
By assets at closing this is the 75th largest of the 3,526 bank failures in the FDIC record, and the 7th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did AMCORE Bank, N.A. fail?
AMCORE Bank, N.A. was closed by regulators on April 23, 2010.
Who acquired AMCORE Bank, N.A.?
The FDIC record names Harris N.A. as the acquiring institution in the resolution of AMCORE Bank, N.A.
How big was AMCORE Bank, N.A. when it failed?
AMCORE Bank, N.A. had approximately $3.07B in total assets and $2.74B in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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