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For immediate release:

Date: November 2, 2009

Contact: Lindsay Frye, Public Relations Assistant

Tel: (608) 252-8862

AnchorBank Appoints Kurt Reindl Head of Commercial Loan Operations, Documentation and Collections

Bank’s move reinforces commitment to ensuring loan quality

MADISON, Wis. – As part of an ongoing effort to ensure the highest standard of quality in every loan it makes, AnchorBank, fsb has appointed Kurt Reindl to the position of 1st vice president of commercial loan operations, documentation and collections, which oversees the Bank’s commercial documentation and Bank collections.

AnchorBank CEO Chris Bauer said, "Kurt has extensive knowledge in loan and transaction processing systems. He brings a process improvement and project management approach to AnchorBank’s loan servicing areas."

Reindl comes to AnchorBank with more than 20 years of financial services and loan servicing experience from Baker Tilly, TCF Financial services, Metavante Technologies and Clout Financial Services, where he specialized in all facets of banking operations and was responsible for credit services, collections, customer service, fraud protection, loan operations and application processing.

In his new role, Reindl will design new strategies for loan collection, review the Bank’s overall documentation and booking processes and measure the Bank’s key productivity and performance metrics.

About AnchorBank:

Founded in 1919, AnchorBank is one of the state’s largest financial institutions with more than 70 locations throughout Wisconsin. AnchorBank, fsb is a wholly owned subsidiary of Anchor BanCorp Wisconsin, Inc. Anchor BanCorp’s stock is traded on the over-the-counter market under the NASDAQ symbol ABCW. More information about AnchorBank is available online at www.anchorbank.com.

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