AMCORE Bank
AMCORE Bank is one of the two businesses that comprise AMCORE Financial. AMCORE Financial is a leading bank in the Midwest with $5.4 billion in assets. Their roots stretch all the way back to 1910 when the Swedish-American Bank was founded in Rockford, Illinois. In 1945, they changed their name to American National Bank. In 1983 they formed a national holding company, AmeriCorp, and in 1985 both the holding company and the bank changed their names to AMCORE as the American National Bank and Illinois National Bank merged.
AMCORE has lofty financial goals for their future. They intend on maintaining a profitable, growing business by expanding their number of branch locations. AMCORE projects that they will have two thirds of their branches located in markets that offer lucrative business opportunities.
AMCORE Bank is a full service bank that serves the people of Wisconsin, Illinois, and Iowa. All mortgages from AMCORE are made through their mortgage branch, AMCORE Mortgage
Loans Funded by AMCORE Bank
- Fixed Rate Mortgage
- Adjustable Rate Mortgage
- Zero Down Payment
- Low Down Payment
- New Construction Loan
- First Time Homebuyers
- Refinance
- Federal Housing Administration—This government insured loan offers a low down payment option that many first time home buyers find beneficial.
- Illinois Housing Development Authority (IHDA)—This loan allows first time home buyers to get below market rates and a low down payment option on their mortgage loan.
- Wisconsin Housing and Economic Developing Authority—This loan is Wisconsin’s version of the IHDA. It offers first time home buyers a low down payment and below market interest rates.
- Veterans Administration—This government insured loan is available for US Veterans. It offers 100% financing and has liberal qualifying terms.
- Rural Development—This loan offers 100% financing for properties in specified rural areas.
- Illinois Assist Bond—This bond provides eligible borrowers with 100% financing for heir home purchase.
- Home Improvement Loans
- Cash Out Refinance
- Construction to Permanent Loan
- Extended Lock Construction Loan—This loan allows you to lock in your interest rate for your end loan as many as 180 days before you close your construction loan.
More About AMCORE Bank
AMCORE Bank has acquired many financial institutions in the past fifteen years. They have acquired Midwest Federal Financial Corporation, First National Bancorp Inc., Country Bank Shares Corporation, NBM Bancorp Inc., NBA Holding Company, First State Bancorp of Princeton, Illinois Inc., Dixon Bancorp Inc., and Central of Illinois Inc.
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