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AnchorBank in Madison, Wis., has been released from two enforcement actions from the Office of the Comptroller of the Currency.
April 2 -
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.
December 24
Anchor Bancorp in Madison, Wis., is back on solid ground with federal regulators.
The $2.1 billion-asset
In April, the Office of the Comptroller of the Currency
"The lifting of these legacy enforcement actions confirms Anchor's stunning turn-around and underlines that we are again open for business," Chris Bauer, Anchor's president and chief executive, said in a press release.
The regulatory orders stem from Anchor's problems following the financial crisis, when it failed to meet minimum capital requirements.
Anchor responded in 2009 by hiring
But its turnaround effort was marked by snags. A
Anchor then turned to
Meanwhile, the Federal Reserve
The Fed also imposed a $6,000 penalty against Ackley State Bank in Iowa, for violations related to the National Flood Insurance Program. Ackley has $146 million in assets.