Anchor BanCorp Wisconsin Inc. to repurchase up to 206,250 shares of common stock

Business Wire, Nov 17, 1994

MADISON, Wis.--(BUSINESS WIRE)--Nov. 17, 1994--Anchor BanCorp Wisconsin Inc. announced today its Board of Directors has authorized the repurchase of up to 206,250 shares, or 5.0 percent, 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 as, in the opinion of management, market conditions may warrant. Purchases are expected to begin on or after November 21, 1994. The repurchased shares will be held as treasury stock and will be available for general corporate purposes. AnchorBank will utilize various securities brokers as its agent for the stock repurchase program.

Anchor BanCorp's stock is traded on the Over-the-Counter market under the NASDAQ symbol ABCW. AnchorBank, S.S.B., a wholly-owned subsidiary, has 31 full service offices and three loan origination only offices which are located primarily in southern and western Wisconsin.

CONTACT: Anchor BanCorp Wisconsin Inc., Madison

              Douglas J. Timmerman, 608/252-8782
              William Klein, 608/252-1810