Anchor Bancorp Wisconsin Inc.: Announces launch of initial public offering of common stock

MADISON, Wisc., Oct. 10, 2014 (GLOBE NEWSWIRE) — Anchor Bancorp
Wisconsin Inc. (the “Company”), the parent holding company of
AnchorBank, fsb, today announced the launch of its initial public
offering of 371,959 shares of its common stock pursuant to a
registration statement on Form S-1 filed with the Securities and
Exchange Commission (the “SEC”). The Company is offering 250,000 shares
of common stock and selling stockholders are offering 121,959 shares of
common stock. The initial public offering price is expected to be
between $25.00 and $27.00 per share. The underwriters will have the
option to purchase up to an additional 55,794 shares of common stock
from the Company at the initial public offering price less the
underwriting discounts and commissions to cover over-allotments, if
any. The Company has applied to list its common stock on the NASDAQ
Global Market under the symbol “ABCW.”

The Company intends to use the net proceeds from the offering for
general corporate purposes. The Company will not receive any proceeds
from the offering of shares by the selling stockholders.

Sandler O’Neill + Partners, L.P. is acting as book-running manager for
the offering, and Robert W. Baird & Co. Incorporated is acting as
co-manager.

The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus relating to the offering may be obtained from
Sandler O’Neill + Partners, L.P., Attention: Prospectus Department,
1251 Avenue of the Americas, 6th Floor, New York, NY 10020, telephone:
1-866-805-4128 or email: syndicate@sandleroneill.com; or Robert W.
Baird & Co. Incorporated Attention: Syndicate Department, 777 E.
Wisconsin Avenue, Milwaukee, WI 53202, Telephone: 800-792-2473, Email:
syndicate@rwbaird.com.

A registration statement on Form S-1, including a prospectus, which is
preliminary and subject to completion, relating to these securities has
been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

About AnchorBank

This year, AnchorBank celebrates 95 years of service to the state of
Wisconsin, and offers a full range of personalized financial solutions
to more than 108,000 households and businesses. Our goal is to make
life simpler and more secure for individuals, families and business
owners by helping them manage their finances and grow their assets
safely and conveniently. To learn more, visit anchorbank.com.

CONTACT: Jennifer Ranville
(608) 252-8862