Court approves Anchor plan

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The companies, people and issues shaping business in Madison and the Capital Region.

Anchor BanCorp Wisconsin, parent of Anchor Bank, received federal court approval of its recently announced plan to reorganize. The Chapter 11 “prepackaged” plan does not include Anchor Bank, only its holding company. Investors have pledged $175 million to pay off Anchor BanCorp’s debt and boost bank operations.

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