Anchor Bancorp Wisconsin Inc. to Repurchase Up to 5% or 1,258,000 Shares of Common Stock.MADISON, Wis.--(BUSINESS WIRE)--Dec. 9, 1999-- Anchor BanCorp Wisconsin Inc. announced today its Board of Directors has authorized the repurchase of up to 5% or 1,258,000 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 December 13, 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 Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. Anchor BanCorp's stock is traded on the Over-the-Counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the 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 symbol ABCW ABCW American Baptist Churches of the West ABCW Atomic Biological Chemical Warfare . AnchorBank, S.S.B., a wholly-owned subsidiary, has 49 full service offices and one loan origination only office which are located primarily in southern and western Wisconsin. |
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