UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DECEMBER 11, 1997
AMCORE FINANCIAL, INC.
(Exact name of Registrant as specified in its charter)
Commission File Number 0-13393
NEVADA 36-3183870
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
501 Seventh Street, Rockford, Illinois 61104
(815) 968-2241
Page 1 of 4
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ITEM 5. OTHER EVENTS
On December 11, 1997, AMCORE Financial, Inc. (AMCORE) announced that its
Board of Directors authorized the repurchase of up to 270,000 shares of its
common stock. The repurchased shares are intended to be issued for the
specific purpose of acquiring Investors Management Group, LTD (IMG). The
repurchase of shares of common stock will be accomplished, depending upon
market conditions, through open market or privately negotiated transactions.
A definitive agreement was signed September 30, 1997 to combine asset
management operations with IMG. This acquisition is anticipated to close
mid-February, 1998 and will be accounted for as a purchase.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release dated December 11, 1997
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunder duly authorized.
AMCORE FINANCIAL, INC.
By: /s/ John R. Hecht
---------------------------
Name: John R. Hecht
Title: Executive Vice President &
Chief Financial Officer
Date: December 18, 1997
Page 3 of 4
News Release
Date:
Dec. 11, 1997
Contact:
John Hecht
Chief Financial Officer
815-961-2787
Greg Sprawka
Controller
815-961-7178
AMCORE FINANCIAL INC., ANNOUNCES COMMON STOCK
REPURCHASE PLAN
ROCKFORD, IL. -- AMCORE Financial, Inc. announced today that its Board
of Directors has authorized the repurchase of up to 270,000 shares of its
common stock. The repurchased shares are intended to be issued for the
specific purpose of acquiring Investors Management Group, LTD (IMG). The
repurchase of shares of common stock will be accomplished, depending upon
market conditions, through open market or privately negotiated transactions.
A definitive agreement was signed September 30, 1997 to combine asset
management operations with IMG, Iowa's largest independent asset management
firm. This acquisition is anticipated to close mid-February, 1998 and will be
accounted for as a purchase.
AMCORE Financial, Inc., headquartered in northern Illinois, is a
financial services company with assets of over $3.7 billion operating in 41
locations in Illinois and 13 in Wisconsin. The company has five financial
services companies: AMCORE Investment Group, N.A., including trust services, a
capital management company, a brokerage company and the AMCORE Vintage family
of mutual funds; AMCORE Mortgage, Inc.; AMCORE Consumer Finance Company, Inc.;
AMCORE Insurance Group, Inc.; and Rockford Mercantile Agency, Inc., a bill
collection service.
This news release, other than historical financial and other
information, may consist of forward-looking statements that involve risk and
uncertainties, including the risks detailed from time-to-time in the company's
SEC reports, including its annual Report on form 10-K for the year ended
December 31, 1996. Actual results may vary materially.
AMCORE common stock is listed on NASDAQ under the symbol "AMFI."
AMCORE Financial, Inc. may be reached on the Internet at
http://www.AMCORE.com.