Posted In Fund V

Anchor BanCorp Completes $175 Million Recapitalization

  • Posted 09/27/2013
  • Castle Creek
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Copyright © 2013, Milwaukee Business Journal By Stacy Vogel Davis Anchor BanCorp Wisconsin Inc. has completed its $175 million recapitalization, it said Friday in a news release. The previously announced recapitalization comes after a Chapter 11 reorganization package for the bank was approved Aug. 30. The new capital gives Anchor BanCorp’s subsidiary, AnchorBank, one of the highest capital ratios of CONTINUE READING >>

Anchor BanCorp Wisconsin ‘Pre-Packaged’ Reorganization Plan Gets Court Approval

  • Posted 08/30/2013
  • Castle Creek
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MADISON, Wis.–(GLOBE NEWSWIRE)–Anchor BanCorp Wisconsin Inc. (“Anchor BanCorp” or the “Holding Company”) today announced that the Holding Company has received court approval of its recently announced plan of reorganization. U.S. Bankruptcy Court Judge Robert Martin approved the plan at a hearing this morning. “This was an important step for AnchorBank to move forward with its recapitalization effort,” said Chris Bauer, CONTINUE READING >>

SouthCrest Financial Group Reports All Consent Orders Released

  • Posted 08/19/2013
  • Castle Creek
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PEACHTREE CITY, Ga.–(GLOBE NEWSWIRE)–Kenneth H. Maloy, President and CEO of SouthCrest Financial Group, Inc. (OTCQB:SCSG) announced today that the company is now operating without any consent orders. The OCC terminated First National Bank of Polk County’s Consent Order on July 8th, due to the accomplishments of President Laron Maloney and his team. Additionally, the FDIC terminated SouthCrest Bank’s Consent Order CONTINUE READING >>