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MADISON, WI-AMCORE Financial says it plans to open a 7,000-sf branch near Interstate 90, part of the company’s strategy to expand along the I-90 growth corridor stretching from the Chicago’s northwest suburbs, Rockford, IL to Madison. The four-floor, 75,000 sf building, owned by The Gialamas Co., will be named the AMCORE Bank building and feature financial oriented companies such as brokerage, insurance and law firms.

The new office, located at 8020 Excelsior Drive, is expected to open to customers in January 2002 pending approval from the Office of the Comptroller of theCurrency.

“The I-90 corridor from Elgin, IL, through Rockford, IL, to Madison, truly operates as an inter-connected region with common economic and community goals,” says Robert J. Meuleman, chairman and chief executive officer of AMCORE Financial. “This linear city has experienced some of the highest growth in both Illinois and Wisconsin.”

Nearly 73,000 people work and 100,000 people live within five miles will have access to the branch, an area has seen a population increase of 50% and household growth of nearly 20% since 1990. The new branch will have 16 employees.

AMCORE Financial is headquartered in northern Illinois with investment assets under administration of $4.6 billion, banking assets of $4 billion and 64 locations in Illinois, Wisconsin and Iowa once the new Madison location opens.

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