Published: August 22, 2005
AnchorBank Announces Executive Management Promotions
The Board of Directors of AnchorBank, fsb
(NASDAQ: ABCW) announced today that Mark D. Timmerman, 37, has been
promoted to the position of President and Chief Operating Officer, and
Daniel K. Nichols, 49, has been promoted to Executive Vice President,
Commercial Lending. Douglas J. Timmerman, 65, will remain Chairman of the
Board and Chief Executive Officer for AnchorBank, fsb. Effective January
1, 2006, Mark D. Timmerman will succeed Douglas J. Timmerman as Chief
Executive Officer. Douglas J. Timmerman will remain Chairman, President,
and Chief Executive Officer of Anchor BanCorp Wisconsin, Inc., the holding
company for AnchorBank, fsb.

Previously, Mark Timmerman held the position of Executive Vice President,
Operations and Planning, General Counsel and Secretary for AnchorBank, fsb.
He has served in various legal and executive capacities at AnchorBank for
over 10 years.
Nichols previously held the title of Senior Vice President, Commercial
Lending. He continues to be responsible for developing and selling
services to business customers, monitoring the lending portfolio, and
managing and training the commercial loan officers and staff. His tenure
at AnchorBank spans almost two decades.
Founded in 1919, AnchorBank is one of the state's largest financial
institutions with 57 full-service and two lending-only facilities located
throughout Wisconsin. AnchorBank, fsb is a wholly-owned subsidiary of
Anchor BanCorp Wisconsin Inc. Anchor BanCorp's stock is traded on the
over-the-counter market under the NASDAQ symbol ABCW.

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