posted
bank, AMFI at .90-should rock on this news!! AMCORE Financial, Inc. Receives Waiver and Extension of Maturity Press Release Source: AMCORE Financial, Inc. On Monday August 3, 2009, 7:30 am EDT Buzz up! 0 Print Companies:AMCORE Financial, Inc. ROCKFORD, Ill., Aug. 3, 2009 (GLOBE NEWSWIRE) -- AMCORE Financial, Inc. (Nasdaq:AMFI - News) today announced it received a waiver from its lender, JP Morgan Chase, with respect to the previously disclosed technical default under its credit facility.
Related Quotes Symbol Price Change AMFI 0.9003 0.0000
{"s" : "amfi","k" : "c10,l10,p20,t10","o" : "","j" : ""} AMCORE is current with all its payments due under that facility and on July 31st paid down the $20 million loan by $7.5 million. Additionally, the maturity of the remaining $12.5 million was extended to April 2011.
"We are continuing to position AMCORE for recovery and are pleased to have reached an agreement with our lender regarding the waiver and the extension of the maturity date, " said William R. McManaman, Chairman and CEO of AMCORE. "We recently reported improvements in key credit quality and loan loss provision metrics and are continuing to take the actions necessary to establish the solid foundation to rebuild our company into a successful and sustainable regional community bank. Our leadership and employees are deeply committed to this goal and we consider this agreement with our lender another important step in the right direction."
ABOUT AMCORE
AMCORE Financial, Inc. is headquartered in Northern Illinois and has banking assets of $4.9 billion with 73 locations in Illinois and Wisconsin. AMCORE provides a full range of consumer and commercial banking services, a variety of mortgage lending products and wealth management services including trust, brokerage, private banking, financial planning, investment management, insurance and comprehensive retirement plan services.
AMCORE common stock is listed on The NASDAQ Stock Market under the symbol "AMFI." Further information about AMCORE Financial, Inc. can be found at the Company's website at www.AMCORE.com.
posted
bank, AMFI-at 1.06 pps.-trend is up! 5x normal volume Friday--going to grab a few more Monday--just 8 million float and a big 1.3 million shorts--when shorts cover it could tripple fast imho--g/l
IP: Logged |
posted
Thanks for the tip.. checking it out now! You may want to check out SPNG.OB it may be a scam but the product is in lots of stores and they do major ads with ball teams ect.... I own it at too high and holding for it to pop... However if it drops to .09 or less is is a gr8 buy to flip at about .14 It has done this several times! The company has gr8 potential- but the CEO ect have been a little "FLAKEY" in their other ventures! But I am long on this one. I am in at .18
IP: Logged |
posted
thanks--will dd spng------------bank, AMFI-1.07-if market goes green--jmho--this will rock-5x normal volume Friday--low 8 million float and big 1.3 million shorts
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
