Business Services Industry
Anchor BanCorp Wisconsin Inc. to repurchase up to 232,900 shares of common stock
Business Wire, July 23, 1996
MADISON, Wis.--(BUSINESS WIRE)--July 23, 1996--Anchor BanCorp Wisconsin Inc. announced today its Board of Directors has authorized the repurchase of up to 232,900 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 and/or negotiated transactions as, in the opinion of management, market conditions may warrant. Purchases are expected to begin on or after July 26, 1996. The repurchased shares will be held as treasury stock and will be available for general corporate purposes. Anchor 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 33 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
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