|By Becky Yerak, Chicago Tribune|
|McClatchy-Tribune Information Services|
A new report into one of
Amcore held more than a third of deposits in the
Growth in Amcore's loan portfolio came mostly from "riskier" construction and land development loans in
"The risk associated with these high concentrations in commercial real estate loans exposed the bank to significant losses during the economic downturn that began in 2007," the report said.
An OCC credit expert began raising concerns about Amcore's rapid loan growth as early as
Initially, Amcore's failure was projected to cost the
To read the full report, click here.
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