Illinois Bank Agrees With Fed Not To Pay Dividends
01 July 2009 - 12:34AM
Dow Jones News
An Illinois bank has agreed with the Federal Reserve not to pay
dividends without approval.
The Fed on Tuesday released an agreement with Amcore Financial
Inc., of Rockford. Amcore owns Amcore Bank.
Amcore also agreed not to incur any debt without Fed
approval.
-By Jeff Bater, Dow Jones Newswires; 202-862-9249;
jeff.bater@dowjones.com