Anchor Bancorp Wisconsin Inc. To Repurchase Up to 285,000 Shares of Common Stock

Business Wire, August 31, 1999

MADISON, Wis.--(BUSINESS WIRE)--Aug. 31, 1999--

Anchor BanCorp Wisconsin Inc. announced today its Board of Directors has authorized the repurchase of up to 285,000 shares 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 September 3, 1999. The buyback will be completed before December 31, 1999. 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 48 full service offices and two loan origination only offices which are located primarily in southern and western Wisconsin.