This is just a legal technicality—AMCORE’s holding company will be gone.
In the Aug. 19 Chapter 11 filing in U.S. Bankruptcy Court in Chicago, Rockford-based Amcore Financial Inc., whose bank unit was acquired from the Federal Deposit Insurance Corp. by Chicago-based Harris N.A. in April, listed assets of $7.2 million and liabilities of $75.4 million.
The biggest creditors were holders of subordinated debt totaling $57 million and J. P. Morgan Chase & Co., Amcore's lender, which listed a claim of $11.9 million, according to the filing.
Amcore Financial files for Chapter 11 | Finance | Crain's Chicago Business
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