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Anchor BanCorp Wisconsin in Madison has completed a $175 million recapitalization. With funding from private and institutional investors, the company has capital levels above the threshold regulators consider for being well-capitalized.
September 27 -
A judge has approved Anchor Bancorp Wisconsin's plan to file for bankruptcy.
September 3 -
A healthy bank preemptively sells. Unspent capital burns a hole in a private-equity investor's pocket. A niche player waves the white flag. These are among six deal scenarios you'll see repeatedly next year.
December 17 -
Anchor Bancorp Wisconsin (ABCW) returned to profitability in the third quarter, after restructuring its debt through a Chapter 11 bankruptcy and getting $175 million in new capital.
December 3
Anchor Bancorp Wisconsin in Madison plans to return to the Nasdaq through an offering of common stock after it restructured debt by filing for bankruptcy.
The $2.2 billion company said in a regulatory filing last week that it will offer $10 million of common stock. Some shares will be sold by Anchor and others by existing shareholders; Anchor did not disclose the price, sale date or number of shares to be offered.
The planned sale was reported Tuesday in
After the sale, Anchor said it intends to list on the Nasdaq as "ABCW," the same stock symbol it used previously. Anchor's common stock was extinguished in when the company was
Anchor did not say how it intends to use the money it raises. Sandler O'Neill is the underwriter.
Holding companies have
Anchor said earlier this month that