November 23, 2009 (FinancialWire) — AMCORE Bank, N.A., a wholly-owned subsidiary of AMCORE Financial, Inc. (NASDAQ: AMFI), has completed the sale of its branches in the Wisconsin communities of New Glarus and Belleville to Union Bank & Trust company of Evansville, WI.

The sale included approximately $19 million in loans, $31 million in deposits and sweep accounts. The financial terms of the transaction were not disclosed.

In making the announcement, AMCORE chairman and chief executive officer William McManaman said: “The sale of these branches is another step in AMCORE’s strategic efforts to raise capital as we continue to focus on serving our core markets. We are pleased that Union Bank & Trust company has a strong community banking philosophy and we believe it will continue to serve customers with the high quality service that AMCORE proudly provided.”

Union Bank & Trust company’s president, Christopher Eager added, “The purchase of the New Glarus office fits well with our family of banks and allows us to serve a broader market. The consolidation of the Belleville office into our existing location strengthens our commitment to the Belleville area.”

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