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EXHIBIT 21

                       SUBSIDIARIES OF THE REGISTRANT

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<CAPTION>
                                          Jurisdiction of    Percent of Capital
Name of Subsidiary                          Organization        Stock Owned
------------------                        ---------------    ------------------
<S>                                       <C>                      <C> 
AMCORE Bank N.A., Rockford                 United States            100% 
                                                                         
AMCORE Bank N.A., Rock River Valley        United States            100% 
                                                                         
AMCORE Bank N.A., Northwest                United States            100% 
                                                                         
AMCORE Bank N.A., North Central            United States            100% 
                                                                         
AMCORE Bank Aledo                          Illinois                 100% 
                                                                         
Country Bank Shares Corporation            Wisconsin                100% 
                                                                         
AMCORE Bank Mt. Horeb                      Wisconsin                100% 
                                                                         
AMCORE Bank Clinton                        Wisconsin                100% 
                                                                         
AMCORE Bank Montello                       Wisconsin                100% 
                                                                         
AMCORE Bank Argyle                         Wisconsin                100% 
                                                                         
First National Bancorp, Inc.               Wisconsin                100% 
                                                                         
AMCORE Bank N.A., South Central            United States            100% 
                                                                         
AMCORE Investment Group, N.A.              United States            100% 
                                                                         
AMCORE Mortgage, Inc.                      Nevada                   100% 
                                                                         
AMCORE Consumer Finance Company, Inc.      Nevada                   100% 

AMCORE Financial Life Insurance Company    Arizona                  100%  

AMCORE Capital Management, Inc.            Illinois                 100%

AMCORE Insurance Group, Inc.               Illinois                 100%

AMCORE Investment Banking, Inc.            Illinois                 100%  

AMCORE Investment Services, Inc.           Illinois                 100%

AMCORE Capital Trust I                     Deleware                 100%

FNI Corporation                            Nevada                   100%
                                                                        
CBSC-Mt. Horeb, Inc.                       Nevada                   100%
                                                                        
CBSC-Clinton, Inc.                         Nevada                   100%
                                                                        
CBSC-Montello, Inc.                        Nevada                   100%
                                                                        
CBSC-Argyle, Inc.                          Nevada                   100%
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