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EX-99.1 - EXHIBIT 99.1 - Anchor Bancorpex9914511.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report:  April 5, 2011

Anchor Bancorp
(Exact name of registrant as specified in its charter)
 
 Washington 001-34965  26-3356075
(State or other jurisdiction  (Commission File  (I.R.S. Employer 
of incorporation)  Number)  Identification No.) 
 
601 Woodland Square Loop, SE
Lacey, Washington  98530
(Address of principal executive offices and zip code)

(360) 491-2250
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 

 
Item 2.06  Material Impairments.
 
    On April 5, 2011, Anchor Bancorp (“Company”), the holding company for Anchor Bank (“Bank”), announced that it had determined that there had been adverse developments with respect to certain loans in the Bank’s loan portfolio during the quarter ended March 31, 2011.  The determination was made following a review of the Bank’s major loan credits together with ongoing analysis of groups of smaller loans. As a result of the review, the Company determined that it anticipates a provision for loan losses of between $3.5 million and $4.0 million for the quarter ended March 31, 2011.  For further information, see the Company’s press release attached hereto as Exhibit 99.1, which is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(d)          
Exhibits.

The following exhibit is being furnished herewith and this list shall constitute the exhibit index:
 
 
 
99.1
Press release of Anchor Bancorp dated April 5, 2011


 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
 
ANCHOR BANCORP
   
   
   
Date:  April 5, 2011  By: /s/Jerald L. Shaw                                            
         Jerald L. Shaw
         President and Chief Executive Officer