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Illinois-Based Amcore Completes Purchase of Wisconsin Bank.(Originated from The Wisconsin State Journal)
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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April 25, 1997
- Author:
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Copyright informationCOPYRIGHT 1997 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr. 24--An Illinois bank has completed its $50 million purchase of First National Bancorp of Monroe.
First National owns First National Bank and Trust of Monroe. It has 105 employees in five offices in Wisconsin, including Belleville, Monroe, New Glarus, and two in Madison.
Amcore Financial, of Rockford, exchanged 1.88 million shares of stock for 249,539 shares of First National, or 7.54 shares for each. the purchase was based on Amcore's closing stock price of $27 Friday.
Along with a new name, the Monroe bank also got a new president and chief executive officer just before the acquisition, Ronald Georgeson.
Georgeson previously was first vice ...
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