Friday May Be the End of Amcore

That’s what Crain’s Chicago Business is reporting in an online article entitled,

Harris is bidding on teetering Amcore Bank

The most visible McHenry County indication of poor banking practices by Amcore Bank is the abandoned condo project at the intersection of Routes 31 and 62.

Amcore’s most visible local failure is what folks call the Tyvek Towers in Downtown Algonquin.

My biggest concern is whether I’ll be able to continue paying our mortgage at the Crystal Lake branch.

Amcore bought the First National Bank in Woodstock and later opened a branch in Crystal Lake on Pingree Road and Route 14 before anything was out there but the Switzer Boat building. A branch opened in Huntley on Route 47 was later closed. Another in McHenry on Route 31 remains open.

Broadway Bank in Chicago is among the others who may be a name change Friday night.

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