Anchor BanCorp and Ledger Capital Corp. Merger Completed.Business Editors MADISON and GLENDALE, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--Nov. 9, 2001 Anchor BanCorp Wisconsin Inc., Madison, Wisconsin Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. It is also home to the University of Wisconsin–Madison. The 2006 population estimate of Madison was 223,389, making it the second largest city in Wisconsin, after Milwaukee, and , (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :"ABCW ABCW American Baptist Churches of the West ABCW Atomic Biological Chemical Warfare ") and Ledger Capital Corp., Glendale, Wisconsin For other places with the same name, see Glendale, Monroe County, Wisconsin. Glendale is a city in Milwaukee County, Wisconsin, United States. The population was 13,367 at the 2000 census. Geography Glendale is located at (43. (NASDAQ: "LEDG") announced their merger closed today, Friday, November 9. All Ledger offices will open as AnchorBank offices Monday, November 12. Douglas J. Timmerman, President of AnchorBank remarked "I am extremely happy to welcome Ledger Bank staff, customers and shareholders to the AnchorBank family. This is our third merger since we converted to stock in 1992, and our fifteenth acquisition since 1980. Every time we expand we offer our customers more choices while retaining our focus of providing excellence in customer service." James D. Smessaert, President of Ledger said, "We believe this merger is in the long-term interests of both our customers and our shareholders. Our shareholders will receive shares in a company whose management and directors have a long-term track record of increasing stockholder value. For our customers, it is a merger of neighbors, so all Ledger Bank offices will continue to operate. This means that you will see the same friendly people cashing your checks, taking your deposits and opening your accounts. Our customers be able to do business in Anchor offices throughout the state." In the merger, Ledger Capital Corp. shareholders will receive 1.1 shares of Anchor BanCorp Wisconsin, Inc. stock for each share of Ledger stock or the cash equivalent. The number of shares converted to cash cannot exceed 20% of the total number of Ledger shares outstanding. Anchor is the parent holding company for AnchorBank, fsb, a $3.1 billion financial institution with 49 full service offices and 3 lending only facilities in 36 Wisconsin cities. Ledger was the parent holding company for Ledger Bank, ssb, a $493.1 million financial institution with 4 full service offices in 3 Wisconsin cities. Ledger recently changed its name from Hallmark Capital Corp., while Ledger Bank was previously known as West Allis West Allis, city (1990 pop. 63,221), Milwaukee co., SE Wis., a residential and industrial suburb of Milwaukee; inc. 1902. Mobile equipment, electronic products, generators, and heavy machinery are among its manufactures. Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. . With this merger, Anchor becomes a $3.6 billion financial institution with 53 full service and three lending only offices in the five largest population areas in the State of Wisconsin. The Board of Directors of the combined company will include all the existing Board members of Anchor and James D. Smessaert from the Ledger Board. |
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