AMCORE Financial's roots trace back to 1910 with the founding of the Swedish-American Bank, which was built on Seventh Street in Rockford, Illinois. In 1945, the name of the bank changed to American National Bank. This was followed by the formation of a holding company, AmeriCorp, in 1983. In 1985, the name of the holding company and the bank changed to AMCORE when American National Bank and Illinois National Bank merged to form the largest bank headquartered in Rockford.
| 1910: |
Swedish-American Bank founded on Seventh St. on August 1st. |
| 1945: |
Name changed to American National Bank and Trust Co. |
| 1982: |
Holding company AmeriCorp Financial, Inc. was formed. |
| 1983: |
AmeriCorp becomes a publicly traded company and the following banks were acquired by the holding company: American National Bank and Trust Co. Colonial Bank, Rockford, First National Bank, Woodstock, IL. Carpentersville Savings Bank. |
| 1984: |
First National Bank, Pekin, IL, acquired. |
| 1985: |
The name of the holding company was changed to AMCORE Financial, Inc. when American National Bank and Illinois National Bank merged to form the largest bank headquartered in Rockford named AMCORE Bank, N.A. |
| 1986: |
Carl Dargene joins AMCORE as president and chief executive officer. AMCORE Financial is listed on the NASDAQ Stock Market under the symbol AMFI. |
| 1990: |
Central of Illinois, a bank holding company based in Sterling, IL, is acquired. AMCORE Trust Company formed. Mid-American Financial Services acquired and later renamed AMCORE Consumer Finance Co. |
| 1991: |
Acquired Roscoe and South Beloit offices of River Valley Savings Bank. |
| 1992: |
Dixon Bancorp. acquired First National Bank, Pekin, sold. First full-service branch opened in a supermarket. AMCORE Capital Management and AMCORE Investment Banking formed and the Vintage Family of Mutual Funds are created. |
| 1993: |
Rockford Mercantile Agency acquired. |
| 1994: |
First State Bancorp of Princeton, IL, acquired. NBA Holding Company, Aledo, IL, acquired. Elgin office opened. AMCORE Insurance Group, Inc. formed. |
| 1995: |
NBM Bancorp, Inc., Mendota, IL, acquired. |
| 1996: |
Carl Dargene becomes Chairman of AMCORE Financial. Robert J. Meuleman is promoted to president and chief executive officer of AMCORE Financial. Vintage Equity Fund receives its first five-star rating from Morningstar and in subsequent years continues to receive national rankings from Morningstar, Nelson's Investor's Daily, Fortune and the Wall Street Journal. |
| 1997: |
AMCORE becomes a multi-state financial services company with the acquisitions of First National Bancorp, Monroe, Wis. and Country Bank Shares Corporation, Mt. Horeb, Wis. Rockford Mercantile Agency sold. |
| 1998: |
With the acquisition of Investors Management Group, Des Moines, Iowa, AMCORE now ranks among the largest 15% of U.S. asset management firms based on assets under management. AMCORE expands its presence in Wisconsin with the acquisition of Midwest Federal Financial Corp., Baraboo, bringing its number of locations in Wisconsin to 25. AMCORE ranks among the 100 largest bank holding companies nationally. |
| 1999: |
AMCORE announces its Customer Focused Organizational Plan and consolidated 9 bank charters into one. The move improved customer service, increased efficiencies and added to shareholder value. March 1999: Wellmark Capital Value acquired and named changed to AMCORE Capital Value, which brings defined contribution and 401K administrative services and record-keeping in-house. |
| 2000: |
AMCORE focuses on the dynamics of E-commerce with AMCORE Online! for bill paying and online banking, and AMCORE Trade.Com for real time stock quotes, investment account information and trading features; Vintage Funds.com for easy access to Vintage account information; and GoBizGo, a productallowing business customers to design their own 2-page website. AMCORE ranked 76th among the top 100 on-line financial institutions. AMCORE announces intentions to sell 10 branches and redirect capital to geographic areas where the Company has a more concentrated presence. |
| 2001: |
AMCORE Online for Business launched to provide commercial banking customers with instant access to account information and services.
AMCORE opens a commercial office in Geneva, Illinois in April and a full service branch in Rockford on Perryville Road in May. |
| 2002: |
Ken Edge named president and chief executive officer in July. In November, Edge named chairman effective January |
| 2003. |
AMCORE opens full service branch in Madison, WI. in January. Commercial office in Schaumburg, IL.also opensin January. Commercial office in Madison opens in August. Illinois offices in St. Charles, McHenry, Lincolnshire and Des Plaines are scheduled to open in the fall. |
| 2003: |
AMCORE continues its branch expansion program opening 14 branches, net of those upgraded since the program began, in Rockford, the Chicago suburbs, Milwaukee and Madison, WI suburbs by year-end. |
| 2004: |
AMCORE enters the heart of its expansion program and will add another 11 branches before year end. "Making It Easy For You" brand promise launched. |
| 2005: |
AMCORE continues its expansion program, adding three limited branch offices in the first quarter in the communities of Orland Park, IL, Wauwatosa, WI and Libertyville, IL. AMCORE’s brand promise “Making It Easy For You,” is the cornerstone of its goal to deliver quality customer service delivered through all its lines of business, including retail and commercial banking, mortgages and investments. |
| 2006: |
With five years of branch expansion completed, AMCORE has added 29 (net) new offices for a total of 78 locations at year-end. In 2006 alone, six (net) new offices were added, including the first facility within the Chicago city limits. AMCORE also strengthened its role as trusted financial advisor by adding more high-quality investment choices and services to its offerings. |
