Wisconsin Banking Update
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Anchor Agrees to Recapitalization Plan
Posted on December 1st, 2009 No commentsThe parent company of AnchorBank said it has entered into agreements with Badger Anchor Holdings LLC, which would invest up to $400 million in Anchor. Badger Anchor Holdings was organized by Badger Capital LLC. The private investment group is led by Steven D. Hovde, chief executive of Hovde Financal Inc. in Chicago, a firm with expertise in investments in financial institutions. Read the Milwaukee Journal Sentinel article.
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