| AnchorBank, fsb, a wholly owned subsidiary of Anchor BanCorp Wisconsin, announced that it has entered into a definitive agreement for the sale of 11 AnchorBank branches in Northwestern Wisconsin to Royal Credit Union of Eau Claire, Wis. The transaction is subject to regulatory approval and customary closing conditions and is expected to be completed in the first quarter of calendar 2010. Financial terms of the transaction were not disclosed. Under the terms of the agreement, RCU will assume approximately $177M in deposits and receive a corresponding amount in loans, real estate, and other assets. :theflyonthewall.com |
