Amcore Financial Inc. of Rockford, Ill., said Wednesday that it is negotiating to acquire a record-keeping company to bolster its 401(k) business.

Wellmark Capital Value, a Des Moines company, would become part of Amcore Investment Group, which manages $4.2 billion of assets. Amcore said the acquisition would let it internalize record keeping instead of using four third-party companies, including Wellmark, for the services.

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