Amcore Sees Less Red on Its Balance Sheet Last Quarter

By: Kristin Burke
By: Kristin Burke

Amcore lost a little over 26- million dollars last quarter.

This is an over five million dollar improvement from its 32 million dollar loss during the prior year period .
Loan and branch sales during the fourth quarter helped Amcore boost its risk based capital ratio... but the bank still remains significantly under-capitalized according to regulatory standards.

Amcore CEO Bill McManaman says the management team is exerting maximum effort to attract new capital.. but says "the failure to do so during 2010 may impact the companies ability to continue as a going concern."

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