AnchorBank fsb history

By 1926, the Bay Ridge Savings Bank had grown large enough to become the first institution of its kind in New York to open a branch office.

Forty years later, in 1966, a third office was opened in the suburbs of Long Island, reflecting the shift in the bank's population of customers from urban Brooklyn to more rural areas.

In 1968, poised to begin a more dramatic expansion, the Bay Ridge Savings Bank changed its name to the Anchor Savings Bank.

In the fall of 1969, a year after changing its name, Anchor merged with another Brooklyn-based savings bank, the Bushwick Savings Bank, which had been chartered by the state of New York in the same year that the Bay Ridge Savings Bank was born.

In 1977, Anchor merged with another bank, the North New York Savings Bank.

07/31/1980 -Acquired Kimberly Savings and Loan Association (30375) in Kimberly, WI

10/31/1981 -Acquired Janesville Savings and Loan Association (28524) in Janesville, WI

In June of 1983, the company returned to its roots when it opened a new office in Bay Ridge, Brooklyn.

In 1984, Anchor opened an additional office in both New York and Georgia, adding branches in Rego Park, its first outlet in the borough of Queens, and also one in Marietta, Georgia.

In October of 1985, the company bought the First Federal Savings Bank of Brunswick, based in southern Georgia.

By the end of 1986, Anchor had solid banking operations in place in four of the fastest growing markets in the United States: New York, New Jersey, Georgia, and Florida.

04/30/1988 -Acquired Richland Center Federal Savings and Loan Association (29190) in Richland Center, WI

In August of 1989, the bank sold nine of its bank branches in northern Florida to the Citizen's Federal Savings Bank.

In April of 1990, Anchor announced that it would take a $175 million loss in order to shed assets, including 68 more bank branches.

In March of 1991, after an arduous process, Anchor formed a holding company, Anchor Bancorp, Inc., so that it could restructure its stock offerings to increase its capitalization.

By June of 1992, these efforts had shown fruit, as Anchor was released from close regulatory supervision of its efforts to rebuild capital.

By the end of June of 1993, Anchor's profits over a yearlong period had reached $52 million.

06/30/1995 -Acquired American Equity Bank, F.s.b. (30809) in Stevens Point, WI

07/01/2000 -Changed name to Anchorbank, F.s.b.

04/01/2003 -Changed name to AnchorBank, fsb

Anchor Bank was organized as a Florida-chartered bank in 2005 and opened our first banking center on March 23rd at 13951 United States Highway One in Juno Beach, Florida.

07/21/2011 -Changed primary regulatory agency from Office Of Thrift Supervision to Comptroller of the Currency

30, 2015, Anchor is a savings and loan holding company with AnchorBank, fsb (“AnchorBank”) as its wholly-owned subsidiary.

The transaction is anticipated to close in the second quarter of 2016. Based on Old National’s 10-day average closing share price through January 8, 2016 of $13.34, this represents a total transaction value of approximately $461 million.

11/01/2017 -Acquired Anchor Bank, National Association (8868) in Saint Paul, MN