First Business

September 28, 2013

Anchor BanCorp completes $175M recapitalization

Anchor BanCorp Wisconsin Inc. has completed its $175 million recapitalization, it said Friday in a news release.

The previously announced recapitalization comes after a Chapter 11 reorganization package for the bank was approved Aug. 30.

The new capital gives Anchor BanCorpâ;€™s subsidiary, AnchorBank, one of the highest capital ratios of Wisconsin banks, president and CEO Chris Bauer said in the release.â;€Âoe;We have been aggressively working for four years to get to this point, and weâ;€™re proudâ;€¦;

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