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AnchorBank Announces Additions To Executive Management Team

MADISON, Wis., Jan. 31, 2011 (GLOBE NEWSWIRE) -- As part of an ongoing effort to drive operational excellence and strengthen the Bank's management team, AnchorBank, fsb is announcing that its Board of Directors has made several additions and changes to the Bank and holding company (AnchorBanCorp Wisconsin, Inc.) executive teams. "These promotions and appointments are part of our strategy to strengthen our senior leadership team, leveraging both existing strong players, and where appropriate, bringing in highly experienced talent from across our industry," said AnchorBank Chief Executive Officer Chris Bauer.

Effective today, Mr. Scott McBrair joins AnchorBank, fsb as Executive Vice President of Retail Banking. Mr. McBrair brings more than 20 years of experience in all aspects of retail banking, having served in marketing, product management and retail leadership roles at Bank One, J.P. Morgan Chase and Webster Financial. Most recently Mr. McBrair has served in an advisory capacity with First Niagara Bank, which has 340 branches across upstate New York, Pennsylvania, Connecticut and Massachusetts. He is a native of Milwaukee, Wisconsin, and holds an Undergraduate degree in Finance from University of Wisconsin – Milwaukee and an M.B.A. from Virginia Tech. In his role as EVP – Retail Banking, Mr. McBrair will oversee AnchorBank's Retail Branch Network, Retail Banking Operations, Anchor Investment Services Division and Marketing areas.

"Scott's extensive experience in leading retail banking, combined with his Wisconsin roots, makes him the perfect fit to help us build on the strengths of our retail franchise," said Chris Bauer.

Also, Mr. Tom Dolan has been appointed to the role of Executive Vice President, Chief Financial Officer. Mr. Dolan had more than 25 years of experience with LaSalle Bank and Bank of America and was the co-founder and Managing Director of Northern Pointe Consulting, a financial institution consulting firm. As part of Northern Pointe Consulting, he has been working with AnchorBank since December 2009. In his role as CFO, Mr. Dolan will oversee the Bank's Treasury Management, Finance, Accounting and Management Information Systems areas. Mr. Dolan holds an M.B.A. from the University of Chicago and a B.S. in Finance from Loyola University. "Tom has played a key role as part of our finance team for the last year in a consulting role. He has led the development of our capital planning and cost cutting efforts, so it's great to have him on-board as a full-fledged member of AnchorBank's senior leadership," commented Bauer.

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