(RTTNews) -  Amcore Bank N.A., a unit of Amcore Financial Inc. (AMFI: News ), said that it has completed the sale of its branches in the Wisconsin communities of New Glarus and Belleville to Union Bank & Trust Co. of Evansville, WI. Financial terms of the transaction were not disclosed.

The sale included about $19 million in loans, $31 million in deposits and sweep accounts.

Amcore chairman and chief executive officer, William McManaman, said, "The sale of these branches is another step in AMCORE's strategic efforts to raise capital as we continue to focus on serving our core markets."
Earlier this month, the bank closed the sale of its branches in the Wisconsin communities of Monroe and Argyle to First National Bank and Trust Company of Beloit, WI.

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by RTT Staff Writer

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