MADISON, Wis. -- Anchor Bancorp Wisconsin said its board has authorized the buyback of up to 5%, or 226,717 shares, of its outstanding common stock in the open market.

The repurchases are authorized to be made from time to time in open-market transactions during the next six months.

Purchases are expected to begin on or after Monday, and repurchased shares will be held as treasury stock and will be available for general corporate purposes.

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