MADISON, Wis.–(GLOBE NEWSWIRE)–Anchor BanCorp Wisconsin Inc. (the “Company”), the parent holding company of AnchorBank, fsb, today announced the pricing of its initial public offering of 371,959 shares of its common stock at a price to the public of $26.00 per share. The Company is offering 250,000 shares of common stock and selling stockholders are offering 121,959 shares of common stock. In addition, the Company has granted the underwriters an option to purchase up to an additional 55,794 shares of common stock from the Company to cover over-allotments. The shares are expected to begin trading on October 22, 2014 on the NASDAQ Global Select Market under the symbol “ABCW.” The offering is expected to close on October 27, 2014, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes. The Company will not receive any proceeds from the offering of shares by the selling stockholders.