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Article: ANCHORS AWAY? MADISON'S LARGEST BANK SAYS IT WILL SURVIVE, DESPITE LOSSES? MADISON'S LARGEST BANK TRIES TO SURVIVE MOUNTING LOSSES.(THE CAP TIMES)
- Article from:
- The Capital Times
- Article date:
- November 4, 2009
- Author:
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Byline: Mike Ivey The Capital Times mivey@madison.com
With the nation's economy growing again - at least on paper - one question locally is whether Madison's largest financial institution can dig itself out of a deep hole.
Anchor BanCorp. Wisconsin has been one of the most battered banking operations in the Midwest. Losses are still mounting, regulators are wary and share prices for the bank, which trades under the symbol ABCW, have fallen below $1, leaving the stock in danger of being delisted by the NASDAQ exchange.
"They are really caught between a rock and a hard place," says Russ Kashian, an economics professor at UW-Whitewater who follows ...