Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Anchor Agrees to TARP Oversight
Posted on February 17th, 2011 No commentsAnchor BanCorp Wisconsin is one of more than two dozen banks that have agreed to let U.S. Treasury Department observers attend board meetings after the banks failed to make dividend and interest payments on their Troubled Asset Relief Program debt, Bloomberg reported. Read The Business Journal article. -
Anchor Reports Q4 Loss of $14M
Posted on February 7th, 2011 No commentsProblem loans continue to plague Anchor BanCorp Wisconsin, contributing to a net loss of $14 million, or 66 cents a share, for the three months that ended Dec. 31, the company reported. Read the Wisconsin State Journal article.
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Anchor Announces Executive Changes
Posted on January 31st, 2011 No commentsAnchor Bank recently announced the following executive staff changes:* Mark Timmerman was named executive vice president, general counsel/corporate secretary, a similar role he serves in the holding company AnchorBanCorp Wisconsin Inc.* Tom Dolan was appointed executive vice president, chief financial officer. Dolan has more than 25 years of banking experience.* Scott McBrair was named executive vice president of retail banking. McBrair brings more than 20 years of experience in retail banking, more recently with First Niagara Bank. -
Anchor CEO ‘Committed’ to Role
Posted on January 2nd, 2011 No commentsChris Bauer’s two-year contract as CEO at AnchorBank expires in June. Brought in from retirement to solve Anchor’s ills, Bauer said there’s been no discussion yet about his pact. “I’m obviously committed to having AnchorBank survive. If that takes longer than six months, then so be it. I’ll be here,” he said in the Wisconsin State Journal. -
AnchorBanCorp Stock Rising
Posted on December 7th, 2010 No commentsBeleaguered but improving Anchor BanCorp Wisconsin Inc.’s stock has risen 60 percent since Dec. 1 — off a super-low base — and volume the past two days is running 10 times or more the bank holding company’s usual tepid trading. The stock closed at $1.30 on December 6, according to an article in The Business Journal of Milwaukee. -
Anchor Bank Reports 3rd Largest Profit
Posted on November 22nd, 2010 No commentsMadison’s Anchor Bank had the third largest profit of nearly 280 financial institutions in Wisconsin, as of the end of the third quarter, Sept. 30. AnchorBank listed earnings of $4.1 million, up from a $66.6 million net loss for the year-ago quarter, the Wisconsin State Journal reported. -
Anchor Reaches ‘Adequately Capitalized’ Status
Posted on November 8th, 2010 No commentsAnchor BanCorp Wisconsin Inc. has achieved “adequately capitalized” status as required by the federal Office of Thrift Supervision, The Business Journal reported. -
OTS Approves Anchor’s Plan
Posted on September 7th, 2010 No commentsAnchor BanCorp Wisconsin Inc. of Madison said it has received conditional approval of its capital restoration plan from the Office of Thrift Supervision and has consented to take prompt corrective action to address capital issues, the Business Journal of Milwaukee reported.
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Shareholders React at Anchor Meeting
Posted on August 8th, 2010 No commentsShareholders of Anchor BanCorp Wisconsin stock expressed their frustration with the struggling financial institution at the company’s annual meeting, which about 150 people attended. “You did not do your job,” one shareholder said. Read the Wisconsin State Journal story.
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Anchor Completes Sale of Branches
Posted on July 28th, 2010 No commentsAnchorBank announced that the sale of its four Green Bay area branches to Nicolet National Bank is complete following the conversion of accounts over the weekend. The branches are in Ashwaubenon, Howard, De Pere and Bellevue, the Green Bay Press-Gazette reported.