Community Reaction to Amcore Bank Transition

Longtime Amcore customer, Gordon Samuelson wasn't surprised when he heard federal regulators took over his bank. He says, "its just a symptom of the times, its so unstable and people just got to adjust to change."

More than a year of financial troubles came to a peak on Friday, when Amcore was bought out by Harris Bank.

Customer Steven Heffner says, "in my opinion everything will be fine, as long as there's no interruptions with funds or anything."

The FDIC promises customers that their money will remain intact. All Amcore deposits are insured up to $250,000.

FDIC official, Rich Schmalzer says, "this transaction, the good news of it is, everybody turns out whole, so all deposits did transfer to Harris, as well as substantially all of the assets."

When banks get seized and bought by a new company, customers are typically comfortable with the change, and officials from the FDIC say they expect most of Amcore's customers to stick with Harris Bank.

Customer Icy Bryant says "I feel comfortable with my money being here," but she says Harris Bank has some big shoes to fill, in replacing Amcore.

"They are good with the community because when they were selling city stickers you could buy them here, you could pay your taxes here, with Harris Bank I hope they continue to do that," says Icy.