MADISON, Wis., Aug. 5, 2014 (GLOBE NEWSWIRE) — Anchor BanCorp
Wisconsin Inc. today announced that its last remaining legacy
regulatory enforcement action has been terminated as of July 31, 2014.
Both the Federal Reserve’s Cease and Desist Order and the Office of the
Comptroller of the Currency’s Cease and Desist Order, as well as the
Prompt Corrective Action Directive, have now been terminated following
Anchor’s successful $175 million recapitalization in 2013.
“The lifting of these legacy enforcement actions confirms Anchor’s
stunning turn-around and underlines that we are again open for
business,” said Chris Bauer, President & CEO of Anchor BanCorp and
AnchorBank. “Our bank is firmly focused on the future, and we look
forward to continuing to serve our customers and communities with
distinction.”
About Anchor BanCorp Wisconsin Inc.
AnchorBank, fsb has 54 offices, all of which are located in Wisconsin.
Forward-Looking Statements
This news release contains certain forward-looking statements, as that
term is defined in the U.S. federal securities laws. In the normal
course of business, we, in an effort to help keep our shareholders and
the public informed about our operations, may from time to time issue
or make certain statements, either in writing or orally, that are or
contain forward-looking statements. Generally, these statements relate
to business plans or strategies, projections involving anticipated
revenues, earnings, liquidity, capital levels, profitability or other
aspects of operating results or other future developments in our
affairs or the industry in which we conduct business. Although we
believe that the anticipated results or other expectations reflected in
our forward-looking statements are based on reasonable assumptions, we
can give no assurance that those results or expectations will be
attained. You should not put undue reliance on any forward-looking
statements. Forward-looking statements speak only as of the date they
are made and we undertake no obligation to update them in light of new
information or future events, except to the extent required by federal
securities laws.
CONTACT: Jennifer Ranville, 608-252-8862
