Amid concerns about its future, Amcore Financial Inc. in Rockford, Ill., said it had sold 12 branches and two stand-alone drive-up sites of its main subsidiary, Amcore Bank.

The $3.8 billion-asset company sold the sites in central Illinois to Midland States Bank in Effingham, Ill., it said on Monday. The deal included up to $430 million in loans, $495 million in deposits and sweep accounts and up to $400 million in trusts and brokerage account relationships. In connection with the sale, Amcore got a 1.5% deposit premium and a $1.5 million trust account premium, according to a press release.

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