On October 1st, Union Bank & Trust Company received regulatory approval from the Federal Reserve Bank of Chicago for the purchase of the Amcore Bank offices in New Glarus and Belleville, WI. Deposits, loans and bank buildings are scheduled to transfer to UB&T on November 19th. UB&T President Chris Eager comments that, “UB&T is a strong community bank, which is why we are able to make this acquisition in the current economy. We are very happy to welcome our new customers in the New Glarus and Belleville areas. We feel the addition of UB&T-New Glarus to our family of banks is a good one. We are also thrilled to be retaining the Amcore New Glarus staff.”
Preparations are being made by both banks in a coordinated effort to provide a smooth transition. Customers affected by the purchase can expect to receive correspondence from Amcore and UB&T in the weeks before the conversion. Customers do not have to take any action, their accounts will automatically transfer when the sale is finalized. The goal of both banks is to make this change as seamless as possible.
The UB&T-New Glarus office will retain the same familiar staff and hours of operation. Plans are to close the Amcore-Belleville office as of Nov. 20th and those customers will be welcomed at UB&T’s Bank of Belleville at 110 Greenway Cross on Belleville’s north side. Customers can bank at any of the 5 UB&T locations: UB&T – Evansville, The Bank of Brooklyn, The Bank of Belleville, The Bank of Oregon, and as of Nov. 20th at UB&T-New Glarus.