Federated Investors' Mutual Funds Complete Acquisition of $142 Million in Assets from Vintage Funds

(PITTSBURGH, Pa., 09/19/2005 10:25 AM) — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, and AMCORE Financial, Inc. (NASDAQ: AMFI) announced the completion of a strategic transaction, resulting in the reorganization of approximately $142 million in mutual fund assets from three Vintage equity mutual funds into two Federated funds. The financial terms of the arrangement were not disclosed.

"Federated's history of working with banks combined with our broad investment expertise, provides an ideal opportunity for AMCORE to transition the Vintage equity mutual funds into two of Federated's flagship products," said J. Christopher Donahue, president and CEO of Federated Investors, Inc.

Voting separately by fund, the Vintage funds' shareholders approved the transition of approximately $94.9 million from the Vintage Equity Fund into Federated Capital Appreciation Fund (FEDEX); $28.4 million from the Vintage Growth Fund into Federated Capital Appreciation Fund (FEDEX); and $18.7 million from the Vintage Balanced Fund into Federated Stock and Bond Fund, Inc. (FSTBX).

"The transition of the Vintage equity funds to Federated moves AMCORE Investment Group closer to a more open sales environment for investments," said Kenneth E. Edge, chairman, president and CEO of AMCORE Financial, Inc. "Clients today are looking for objectivity from their investment managers, and continuing to open our investment architecture provides that objectivity and complements our role as a trusted financial advisor."

AMCORE Financial, Inc. is headquartered in Northern Illinois and has banking assets of $5.2 billion and investment assets under administration of $4.5 billion with 73 locations in Illinois, Wisconsin and Iowa. AMCORE provides a full range of consumer and commercial banking services, a variety of mortgage lending products and investment services including trust, brokerage, asset management, mutual fund administration, employee benefit plan recordkeeping and is the investment advisor for the Vintage family of mutual funds.

AMCORE common stock is listed on The NASDAQ Stock Market under the symbol "AMFI." Further information about AMCORE Financial, Inc. can be found at the Company's Web site at www.AMCORE.com.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing approximately $205 billion in assets as of June 30, 2005. With 138 mutual funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management to 5,700 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.


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