For the quarter ending March 31, Anchor BanCorp Wisconsin Inc., parent of AnchorBank, reported net income of $6.1 million (65 cents/diluted share), compared to the $1.9 million (21 cents/share) the company posted a year earlier.
The company continues to proceed with cost-savings measures to improve efficiencies, including a recently announced voluntary separation plan offered to about 140 eligible employees; the sale of its Winneconne branch; and a consolidation of six retail branch locations in Appleton, Menasha, Oshkosh, Janesville, Franklin, and Madison, resulting in the loss of 30 jobs.
