WREX.com – Rockford’s News LeaderBranches closing, jobs being cut as part of AMCORE buyout
Member Center:
ROCKFORD (WREX) - AMCORE now Harris Bank announces plans to close 18 former AMCORE branches and eliminate jobs as part of its buyout reorganization.
Most of those branches are in the Chicago area, two are in Wisconsin, but none of them are in Rockford. Employees of the branches will have an opportunity to be placed at other branches. The closings will take effect on September 17, when AMCORE completely transitions to Harris Bank.
Bank executives tell 13 News customers in Rockford will continue to bank at the same place without disruption and will now have a larger banking support system.
Another major change as part of the buyout is the centralization of AMCORE's technology operations and corporate support, which includes human resources, accounting, and finance that will now be run out of Harris' corporate offices. Those changes will result in 345 positions being eliminated within AMCORE over the next two to three months. Those employees will be able to apply for open positions within Harris Bank, currently there are 140, and they will also be eligible for severance, Cobra and outplacement job programs.
Comments Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. You must be at least 13 years of age to post comments. By submitting a comment, you agree to these
Terms of Service
You must be logged in to leave a comment. Login or register See all comments |
Sign up to have Breaking News, Weather and School Closing alerts sent right to your cell phone.
Get a phone call from the 13 Weather Authority team when severe weather is approaching your home.
Need help with your home renovation project? Click here to get connected to Stateline area experts that can help turn your dreams into reality.
A better life... is just a click away! Click here to get connected to some of the best health care providers in the Stateline area.
