Amcore Financial Inc. in Rockford, Ill., said Tuesday that it is significantly undercapitalized after a massive third-quarter loss.

In reporting the loss of $156.4 million — by far the largest of its seven consecutive quarterly losses — William R. McManaman, Amcore's chairman and chief executive officer, said in a press release that a stock offering would be unlikely to succeed but that it continues to pursue other options for raising capital.

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