A Rockford, Ill., bank holding company that has come under criticism recently for its sluggish results and stock price has named a new chairman.

Robert J. Meuleman, who has been president and chief executive officer of $4.4 billion-asset Amcore Financial Inc. since 1996, succeeds Carl Dargene, 70, who retired as chairman Thursday after 18 years at the company. Mr. Meuleman, 60, retains the CEO title but yielded the presidency to Kenneth E. Edge, 54, who also was named chief operating officer.

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