Anchor BanCorp Wisconsin, parent of AnchorBank, announced the bank has paid back nearly half of the $347.5 million it owes the Federal Home Loan Bank. The early payment of $150 million reportedly triggered a $3.5 million penalty, but the move will save $2.1 million in annual interest costs and help its capitalization rates.
Anchor still owes $170.2 million to a group of banks led by U.S. Bank, as well as $133.1 million to the U.S. Treasury through the TARP program.
