Anchor BanCorp Wisconsin Inc. · Madison, WI United States ·(NASDAQ (GS): ABCW)
Company Description
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This link will open in a new window Anchor BanCorp Wisconsin is the holding company for AnchorBank, which has about 75 branches across the Badger State. The thrift targets individuals and local businesses, offering checking and savings accounts, money market accounts, CDs, and IRAs, as well as insurance and investment products. Single-family residential mortgages account for some 20% of the bank's loan book; commercial and multifamily real estate loans make up another 40%. Other loans include construction loans, second mortgages, business loans, and student loans. AnchorBank was founded in 1919. To read the full description, subscribe now.
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Key Anchor BanCorp Wisconsin Inc. Financials
| Company Type | Public - NASDAQ (GS): ABCW Headquarters |
| Fiscal Year-End | March |
| 2009 Sales (mil.) | $170.3 |
| 2009 Employees | 1,169 |
Anchor BanCorp Wisconsin Inc. Executives
13 executives listed for Anchor BanCorp Wisconsin Inc.'s Madison, WI location.
| Title | Name & Bio | Contact |
| Chairman, Anchor BanCorp Wisconsin and AnchorBank | David Omachinski | Network |
| President, CEO, and Director; CEO, AnchorBank | Chris Bauer | Network |
| SVP, Treasurer, and CFO | Dale Ringgenberg | Network |
Competition
Competitive Landscape for Anchor BanCorp Wisconsin Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Anchor BanCorp Wisconsin Inc. Competitors
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