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Where there's a will, there's a way for Chris Bauer, who guided Anchor through bankruptcy as a means of recapitalizing the once-struggling Wisconsin company. The turnaround was punctuated with the company's October IPO.
December 16 -
AnchorBank in Madison, Wis., has agreed to sell its Richland Center retail branch to The Peoples Community Bank.
November 3 -
Anchor Bancorp Wisconsin in Madison is planning to raise up to $8.3 million from an upcoming initial public offering.
October 10
Anchor Bancorp in Madison, Wis., has
A purchase price was not announced. Under the agreement, the $325 million-asset Royal would assume control of Anchor's branch in Viroqua, Wis., along with $12 million in deposits and an undisclosed amount in loans.
The deal is expected to close by the end of May.
"We are continually evaluating our branch network to ensure AnchorBank's continued success," Chris Bauer, the $2.1 billion-asset Anchor's chief executive, said in a press release Wednesday.
Edelman & Co. served as Anchor's financial adviser.
