MADISON, Wis.–(GLOBE NEWSWIRE)–Anchor BanCorp Wisconsin Inc. today announced that its last remaining legacy regulatory enforcement action has been terminated as of July 31, 2014.
Both the Federal Reserve’s Cease and Desist Order and the Office of the Comptroller of the Currency’s Cease and Desist Order, as well as the Prompt Corrective Action Directive, have now been terminated following Anchor’s successful $175 million recapitalization in 2013.
“The lifting of these legacy enforcement actions confirms Anchor’s stunning turn-around and underlines that we are again open for business,” said Chris Bauer, President & CEO of Anchor BanCorp and AnchorBank. “Our bank is firmly focused on the future, and we look forward to continuing to serve our customers and communities with distinction.”