Does not look good—but AMCORE still has a few positives to state in its own behalf.
the bank [has] a deadline of Dec. 4 to submit a new plan, one which includes selling or merging the bank.
AMCORE has been under orders by the Office of the Comptroller of the Currency to raise capital since May and was required to submit a plan that included a liquidity management program by the end of September. The bank met the deadline but learned on Nov. 4 that the OCC considered the plan “not acceptable.”
Click on the following for more details: Regulators reject AMCORE capital plan - - BusinessRockford.com
No comments:
Post a Comment