TITLE

Anchor's $400M Lifeline Comes with a Few Strings

AUTHOR(S)
Barba, Robert
PUB. DATE
December 2009
SOURCE
American Banker;12/3/2009, Vol. 174 Issue 216, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Anchor BanCorp Wisconsin may receive $400 million in capital from the private equity firm Badger Capital LLC, which in turn would receive a majority interest in the bank holding company. The deal is dependent on Anchor persuading the U.S. Treasury Department to convert preferred stock received for funds from the Troubled Asset Relief Program into common stock.
ACCESSION #
45582065

 

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