Tuesday, January 05, 2010

WSJ: Amcore Bank sells more branches; Concentrates on "Core Mission"?

Click on the post for the story in the Wisconsin State Journal.

Recently there was a press release in a small community newspaper in which Amcore described the sale of its small rural banks as having the objective of "concentrating on its core mission." As I read the press release, I just wondered what that core mission was.

Now with the further sale of Illinois banks, complete with branch infrastructure etc., it was only after I read the phrase about the tax windfall of millions that I arrived at the "core mission."

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