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02.03.14 Frost Named Vice President, Bank Manager

New teammates, new opportunities!  Meet our newest colleague at Anchor Bank - Carrie Frost, Bank Manger.  Get to know Carrie by clicking here.

12.03.13 Klassen named Senior Vice President, Leasing

Anchor Bank has named Tom Klassen as Senior Vice President, Leasing. Klassen is an experienced financial services professional with over 30 years sales, marketing and business development experience.

As Senior Vice President, Klassen will provide strategic and operational direction for Anchor’s business equipment leasing activities.  He will work closely with our team of 25 business banking relationship managers to provide leasing options to our customers. 

“Tom Klassen is a widely respected finance professional who knows how to help businesses grow,” said Dave Faust, Director of Sales and Marketing.  “We are excited to have Tom in this newly created position for Anchor.”   “His experience will be another resource to help our customers grow.” 

Klassen holds a Bachelor of Science degree in finance from Cardinal Stritch College in Milwaukee and an MBA from the University of St. Thomas in St. Paul.

06.25.13 Anchor Bank Receives Silver 2013 Wellness by Design Award

A total of 76 organizations in Hennepin County won 2013 Wellness by Design Awards for
excellence in promoting worksite wellness. The awards recognize employers who make
employee health a priority through creative and effective wellness policies and programs.
 
Hennepin County Board Chairman Mike Opat, spoke at the award ceremony on June 18
and noted that continued rises in the cost of employer-funded health care are not only
unsustainable, but they threaten the overall livelihood of every employer including the county.
 
"No matter how well we decision makers try to manage this process, we will ultimately fail
unless we find ways to reduce the demand for health services," he said. "I believe that the
answer lies in health promotion and disease management practices like the ones our 76 
winners are implementing in their organizations."
 
Wellness by Design Awards are presented in four award levels to Hennepin County work
sites that demonstrate accomplishments in management support, wellness infrastructure,
assessment and evaluation, supportive environments, communication and engagement, and
programs and interventions.

05.17.13 Seiferth Named Vice President, Bank Manager



Dave Faust, Director of Sales and Marketing, announced that Linda Seiferth was named Vice President, Bank Manager for both Anchor Bank Arden Hills and Anchor Bank Blaine.

Linda's focus will be growing personal and small business relationships within the Blaine and
Arden Hills Markets. She will do this by partnering with our business banking team to build 
new personal relationships with our business customers, engaging our existing personal 
customers and being active with local communities. “We’re excited to have Linda join 
Anchor Bank. Her many years of sales and coaching experience will be a wonderful addition 
to our Personal Banking team,” said Faust. Seiferth most recently served as a Market Growth 
and Development Consultant with Wells Fargo and will report to Brent Sistek, Senior Vice 
President of Anchor Bank’s Personal Banking West Market.

05.17.13 Richardson Named Senior Vice President, Business Banking

Anchor Bank Director of Sales and Marketing, Dave Faust, announces the newest member of the business banking team, Nick Richardson. As a Senior Vice President for Business Banking, Richardson will develop banking relationships and help his customers achieve their financial objectives. Nick’s broad familiarity with financial services will enable him to help customers find the best ways to achieve all of their banking objectives, both business and personal. “Nick’s strategic thinking and execution competence are talents that will serve our customers and team well.” notes Faust. Richardson brings more than 10 years of experience in building and developing business banking relationships. He holds bachelor’s degrees in both Economics and Business Finance from the University of Minnesota, as well as a Master’s degree from the Carlson School of Management.

05.17.13 Pederson Named Director of Investments

Anchor Bank has named Heidi Pederson as the Director of Investmentsand Trust, effective April 8, 2013. Pederson, a successful financial services executive, brings more than 20 years of professional experience to her position at Anchor Bank.

“Heidi Pederson is a creative thinker, a problem-solver, and savvy financial services pro 
who has a proven track record of putting customers’ needs first,” said Dave Faust, 
Director of Sales and Marketing at Anchor Bank. “Everyone at Anchor Bank is thrilled 
to welcome her to our investments team. We know our customers will appreciate her 
expertise and her commitment to helping them identify the best possible paths to achieve 
their financial goals.”

As Director of Investments and Trust, Pederson will lead Anchor’s seven-member 
investments team and be responsible for setting strategic direction, building strong ties 
with customers and strategic partners, and enhancing service models for investments and 
trust services. Prior to joining Anchor Bank, Pederson served as Vice President for 
Minnetonka’s Chaffee & Associates, and President of M Holdings Securities, Inc., a 
subsidiary of Portland, Oregon-based M Financial Group. Pederson holds a J.D. 
degree from the William Mitchell College of Law, and a B.A. degree from St. Olaf College. 
Pederson also holds numerous financial services industry certifications.

03.11.13 Beck Named Senior Vice President, Business Banking

Anchor Bank is pleased to announce their newest business banking team member, Andy Beck. As Senior Vice President, Business Banking, Andy will be a key member of the Business Banking team, concentrating on strengthening  businessrelationships and providing guidance and assistance to help business owners make  the most oftheir financial potential. Beck will collaborate with customers and teammates to help businessesfind credit solutions that best fit their needs.

"Andy’s ability to identify opportunities can’t be matched,” said Dave Faust, Director of  Sales and Marketing, Anchor Bank, N.A. “His skills will be a plus point for our team as well as for ourcustomers.” Beck brings a wealth of knowledge to his post with over 15 years of experience incredit and banking, most recently with First National Bank of Elk River. Beck holds a Bachelor’sof Business Administration in Finance from the University of Eau Claire, Wisconsin.

02.18.13 Sistek Named Senior Vice President, West Market

Rodney Weck, Director of Personal Banking, Anchor Bank, is pleased to announce that Brent Sistek has been hired as Senior Vice President, Personal Banking West Market. Sistek, a Wells Fargo veteran, brings 13 years of management and financial industry leadership experience to his new post at Anchor Bank.

As Personal Banking Market Manager, Sistek will be responsible for sales delivery in the 
area of personal loans and deposits, and will also oversee Anchor’s small business deposits. 
Sistek will bring his proven track record of team building and operational improvements 
to Anchor’s PersonalBanking division, working within Anchor’s well-established culture 
of team-based customer serviceto continue to find ways to improve the personal banking 
experience.

“Brent is simply the best possible person to lead Anchor’s West Market Personal Banking 
team,” said Weck. “His skill at developing talent, building teams, and creating processes and
environments that generate outstanding customer service will really help Anchor Bank’s 
Personal Banking operations thrive. We’re thrilled to have someone with his talent and 
experience on our leadership team.”

Prior to joining Anchor Bank’s staff, Sistek held a variety of positions with Wells Fargo in 
the Twin Cities, including the leadership post at one of Wells Fargo’s largest Twin Cities’ 
locations, where he led his team to dramatic improvements in both customer satisfaction 
ratings and compliance ratings while simultaneously improving overall financial performance.

12.12.12 Weck Named Director of Personal Banking

David Faust, Director of Sales and Marketing, Anchor Bank, is pleased to announce that Rodney Weck has been hired as Director of Personal Banking.

Weck comes to Anchor Bank with more than 13 years of experience in the banking industry, most recently as Minneapolis Metro District Manager for Wells Fargo. As Director of Personal Banking, Weck will be responsible for overseeing the personal banking area, including mortgage, which works with individuals, business owners and executives to meet their financial needs. In addition, he is responsible for contributing to the strength and vitality of the communities we serve.

“We are delighted to welcome Rodney to Anchor Bank,” said Faust. “His passion is centered in taking care of the customer and coaching others. Rodney’s experience

11.26.12 Rehder Named Senior Vice President, Business Banking



Dave Faust, Director of Sales and Marketing, Anchor Bank, N.A. is pleased to announce that Melody Rehder has joined the Anchor Team as a Business Banker. Rehder’s responsibilities include delivering financial solutions, advice and service to our commercial business customers, as well as networking with participant banks and coordinating the placement of loan participations.

Rehder has more than 30 years of experience in the banking industry, having most recently served as Vice President for MidCountry Bank. Working from the Anchor Bank Snelling location, Rehder reports to Arleen Sullivan, President, Business Banking East Market. “Melody has extraordinary commercial business savvy,” notes Dave Faust. “Our business customers will enjoy working with her and we are excited to introduce her to them.”

08.01.12 Benson Named President Business Banking West Market



Dave Faust, Director of Sales and Marketing, Anchor Bank, N.A. is pleased to announce that Leroy Benson has been promoted to President Business Banking West Market. Benson begins his responsibilities immediately. Benson has more than 20 years of experience in the banking industry, having most recently served as a Business Banker Team Leader for Anchor Bank. Working from the Anchor Bank Wayzata location, Benson reports to Jim Collins, Director of Business Banking.

“We are delighted that Leroy will be taking on this new role with Anchor,” said Dave Faust. “Leroy brings a strong combination of relationship experience and market knowledge to his new role and will play an integral role in helping Anchor service our customers’ needs.”

07.09.12 Young Named Bank Manager for Anchor Bank Woodbury

Dave Faust, Director of Sales and Marketing, Anchor Bank, N.A. is pleased to announce that Alison Young has been hired as Anchor Bank Woodbury Bank Manager. Young, who will begin her new responsibilities on July 9, 2012, will report to Rhonda Mann, Northeast Market Manager.

Young comes to Anchor Bank with nearly 20 years of industry experience. Most recently, Young served as the Branch Manager for Central Bank in Newport, Minnesota.

“We are very pleased to have Alison joining Anchor Bank,” said Faust. “Alison has a wealth of industry experience and is committed to delivering a superior customer experience.”

06.21.12 Anchor Bank Cash Management Staff Recognized by Elan

Anchor Bank’s Cash Management staff was recognized by Elan for their successful partnership and promotion of Elan's business credit card programs. Anchor has several card programs that we offer Anchor customers through our Elan relationship. A variety of programs allows Cash Management to support each and every Anchor customer’s business credit card needs - from reward and cash back programs, to programs that streamline the entire accounts payable processes for our customers and integrate with their software systems. Congratulations to our Cash Management team!.

04.18.12 Anchor Receives Bank of the Year Award by SPEDCO

David J. Faust, Director of Sales and Marketing, Anchor Bank, is pleased to announce that Anchor Bank will be receiving SPEDCO’s Annual Bank of the Year Award onWednesday, April 18, 2012 during SPEDCO’s annual meeting.

SPEDCO, located in New Brighton, is Minnesota andWisconsin’s preferred certified development company providing specialized SBA 504 loans with low interest rates for 25 years. The SBA 504 program is a Small Business Administration program designed to promote economic development within our community. The loan program is facilitated with a partnership of local banks and community development companies.

“SPEDCO’s Bank of the Year is based upon loan volume, specifically the number of loans that were approved and closed during a year,” said KristinWood, Executive Director of SPEDCO. “Anchor Bank had more Small Business Administration (SBA) 504 loans approved than any other banking institution during the year which is impressive since it is not the largest bank in ourmarketplace. Evenmore impressive is the fact that Anchor Bank has been SPEDCO’s Bank of the Year five out of the last six years. Anchor Bank shares our commitment to credit quality and customer service, which is why our two organizations work well together.”

04.18.12 Collins Named Director of Business Banking

David Faust, Director of Sales and Marketing, Anchor Bank, is pleased to announce that Jim Collins has been promoted to Director of Business Banking. Collins, who will report to Faust, begins his new responsibilities immediately.

In his new role, Collins is responsible for overseeing the business banking team consisting of over 40 people, including SBA Services, and a loan portfolio exceeding $800million. The primary focus of this group is to grow new business relationships with companies over $5
million in revenue.

Working side by side with Anchor’s investments & trust advisors, cash management specialists and personal bankers Collins’ business banking teams understand their customer, deliver valuable solutions and provide responsive quality service.

Since joining Anchor Bank in 2004 withmore than 20 years of industry experience, Collins has held a variety of leadership positions. Most recently, Collins was President,West Market Business Banking.

“We are pleased to have Jim step into this role,” said David Faust. “Ever since joining Anchor, Jim has been a star – taking onmore and more responsibilities and continuing to exceed expectations. On top of this, Jim approaches his personal, professional and community
commitments with equal passion and integrity.”

12.12.11 Murray Named Bank Manager at Anchor Bank North St. Paul

Kristi Murray was recently named bank manager Anchor Bank North St. Paul. Murray has been with Anchor Bank since 2004. With 10 years of banking experience, she most recently served as a consumer loan underwriter for Anchor. In her new role as bankmanager, Murray will focus on ensuring that every customer receives Anchor’s exceptional service and individualized attention. She will help Anchor’s North St. Paul staff reach out to local business customers, provide new services to existing Anchor customers, and forge the quality
relationships that enable Anchor’s customers tomaximize their financial success. Murray looks forward to the many opportunities she will have to represent Anchor Bank in the North St. Paul community. She holds a Bachelor’s Degree in Business Administration with an emphasis in Management fromthe University of Wisconsin, River Falls.

09.12.11 Murphy Joins Anchor Bank as Chief Credit Officer

Carl Jones, Chairman of the Board and CEO, Anchor Bancorp, Inc. announced that Margaret Murphy has been hired as Chief Credit Officer. Murphy will work alongside Ken Bezdicek, current Chief Credit Officer, until his retirement in early 2012.

Margaret Murphy comes to Anchor Bank withmore than 25 years in the banking industry, most recently serving as Chief Operating Officer at Marquette Financial Companies in Minneapolis. Prior to that, Murphy served as the Chief Credit Officer and Senior VP of Commercial Finance at Marquette. Other companies for whom Murphy worked include U.S. Bank, American National Bank and United Healthcare. Murphy holds an MBA from the Carlson School of Management and a BA in Economics from the University of St. Thomas. She lives in Inver Grove Heights with her husband and four children.

As Chief Credit Officer, Murphy will be responsible for credit riskmanagement, credit approval, and credit analysis. “We are delighted to welcome Margaret to Anchor Bank,” said Carl Jones. “Margaret brings a wealth of experience to her new position. Her proven leadership abilities, as well as her strategic thinking and execution are some of hermany talents that our senior leadership team is looking forward to having on board.”

Jones continued: “I would also like to take this opportunity to thank Ken Bezdicek formore than eight years of service to Anchor. Ken’s keen advice and deep relationshipmanagement skills have enabled Anchor to successfully navigate through this economic crisis. He will continue to support Margaret’s transition to Chief Credit Officer in October.”

01.15.11 King Joins Anchor Bank as Business Banking Officer

Minnesota-based Anchor Bank Blaine announces the promotion of Alex King to the role of Business Banking Officer. King has been a member of Anchor Bank's professional banking team since 2008. In the role of business banker, he is responsible for delivering financial solutions, advice and service to our customers, their businesses and families.

Prior to his promotion, King served as a credit analyst for Anchor Bank. King holds degree in Finance from Bethel University. “Alex brings a strong work ethic with a positive attitude,” notes Jay Hammond

10.15.10 Baur Joins Anchor Bank as Business Banking Officer

Minnesota-based Anchor Bank Eagan announces the appointment of Kevin Baur to the role of Business Banking Officer. Baur brings 5 years of financial services experience to his new position. In this role, he is responsible for delivering financial solutions, advice and service to our customers, their businesses and families.

Prior to his promotion, Baur served as a Credit Analyst for Anchor Bank. Baur’s previous experience includes work as a Commercial Loan Review Officer with Colonial Bank in Ft. Myers, Florida.

Baur holds a Bachelor of Science in Finance from Minnesota State University, Mankato, MN. Baur also recently graduated from RMA's Commercial Lending Academy.

03.01.10 Donna Recognized as Top Financial Advisor

Beth Jackson, president of Anchor Investments, today announced that Larry Donna, financial advisor, was recognized as a top advisor and named to the Patriot’s Club. LPL Financial, the nation’s largest independent broker-dealer*, provides investment services to the customers of Anchor Bank, N.A. The distinction earned by Larry Donna is awarded to less than ten percent of the approximately 12,000 financial advisors who are affiliated with LPL Financial nationwide.

“We congratulate Larry Donna for achieving this prestigious recognition, which is based on how successful financial advisors are in growing their businesses by delivering the services and solutions their clients need,” said Bill Dwyer, President of National Sales and Marketing for LPL
Financial. “Members of the Patriot’s Club are among the premier financial advisors in our industry. They serve as trusted resources and counselors for their clients and their communities.”

*Based on total revenues, Financial Planning magazine, June 1996-2009
08.19.08 Hooppaw Joins Anchor Bank as Business Banker

Anchor Bank Apple Valley is pleased to announce that Clint Hooppaw has joined its business banking group as a business banker. In this role, he is responsible for delivering financial solutions, advice and service to our customers, their businesses and families.

Hooppaw has more than ten years of experience in the area of residential home financing, working with homeowners, builders and real estate agents. Prior to banking, Hooppaw was a retail manager for seven years. He received a bachelor’s degree in business administration from Winona State University.

08.11.08 Guse Named Business Banker for Anchor Bank

Bryan Guse recently joined Anchor Bank Blaine as vice president and business banker. In this role, he is responsible for delivering financial solutions, advice and service to our customers, their businesses and families.

With more than 10 years of experience, Guse most recently served as vice president, commercial banking officer at First Minnesota Bank. Guse earned his bachelor’s degree in marketing and communications from the University of Minnesota, Twin Cities.

08.11.08 Stanton Joins Anchor Bank as Business Banker

 

Anchor Bank Snelling is pleased to announce that Heath Stanton has joined its business banking group as vice president, business banker. In this role, he is responsible for delivering financial solutions, advice and service to our customers, their businesses and families.

With more than eight years of experience, Heath most recently served as vice president, business banker at Associated Bank. Stanton earned his bachelor’s degree from the University of California at Davis and his MBA from Carlson School of Management.

06.12.07 Torke Joins Anchor Bank as Business Banker

Jason Torke recently joined Anchor Bank Arden Hills as vice president and business banker. In this role, Torke will work with local businesses to develop banking relationships for the Arden Hills office. Torke previously served as vice president, commercial lending and as credit analyst for Community Resource Bank (F/K/A Community National Bank) in Roseville, Minn. He earned his degree in finance from Moorhead State University, Moorhead, Minn.

04.04.07 Anchor Bank Opens New Office in Burnsville

Anchor Bank is pleased to announce the opening of its seventeenth office located at 550 Burnsville Parkway West in Burnsville. As a community bank, Anchor Bank is committed to building long-term relationships to help local businesses and individuals achieve their financial goals. The Burnsville location is an extension of Anchor Bank’s commitment to providing customized solutions to the individuals and businesses in the community.

"We are very excited to bring our unique brand of community banking to the Burnsville community,” said Jim Louwagie, president, Anchor Bank Burnsville. "Everyone has worked hard over the past several months, from building construction to establishing relationships in the area, and now we are anxious to get to work serving the community."

Grand opening promotions and giveaways are planned for upcoming weeks. Anchor Bank Burnsville is a full-service financial institution that tailors its banking products to meet the needs of both individuals and local businesses. In addition to offering traditional deposit and loan products, Anchor Bank also offers a full line of competitive wealth management and mortgage services as well as remote deposit capture, Internet banking and ATM services.

05.01.06 Anchor Bank Named Business of Year by Cottage Groove CC

Anchor Bank St. Paul Park is being honored by the Cottage Grove Area Chamber of Commerce as the recipient of the 2005 Small Business of the Year award for its contributions to improving the economic and social conditions of the community. Anchor Bank, along with all of this year’s honorees, will be recognized at the annual gala on Friday May 5, 2006 from 6:00-10:00 p.m. at Treasure Island Casino in Red Wing.

“Anchor Bank St. Paul Park is truly a community bank, says Rhonda Mann, bank manager, Anchor Bank St. Paul Park. “Not only do we work here, but all of the employees live in the community as well, which means we take a vested interest in everything that goes on here.”

04.26.06 Anchor Bank Supports Minneapolis Institute of Art

Anchor Bank is proud to sponsor the upcoming exhibition at the Minneapolis Institute of Arts titled, Treasures on Paper: The Enduring Legacy of Herschel V. Jones” The exhibition will run June 11-September 20 and will showcase the remarkable depth of the Herschel V. Jones Collection, the seminal gift at the core of the Institute’s print holdings. The gift of this collection helped to establish the first Print and Drawing Curatorial Department in an American museum.

“It gives us great pleasure to help the MIA present this special exhibition. For more than 90 years, the Jones family has embraced a tradition of supporting the arts in our community,” said Carl Jones, chairman and CEO, Anchor Bancorp Inc. “My great grandfather Herschel’s passion for art has been passed through multiple generations of the Jones family. My father, Winton Jones, built Anchor Bank on the value of giving back to the community, and now, the family of Anchor Banks is honoring both through its sponsorship of this exhibit.”

11.25.05 Anchor Bank Saint Paul to Open Full Service Bank in Midway

Anchor Bank Saint Paul has announced plans to open a full service office in the Midway area of St. Paul. The bank acquired property previously occupied by The Malt Shoppe and Citgo gas station at the Interstate 94 frontage road near the Snelling Avenue interchange and plans to build a new two-story, 15,000 square foot building. Demolition will begin immediately with plans to open the new bank late in 2006.

“We’re excited to expand our presence in Saint Paul and meet the needs of our growing customer base in this community,” said Jim Affolter, bank manager, Anchor Bank. “This new location combined with our competitive products and experienced staff, positions us to serve our customers better than ever.”

Jim Affolter, Julie Novak, Cecily Spencer and Joan Peper, all long-time employees of Liberty State Bank employees, will staff Anchor’s new office.

Anchor Bank is opening the full-service Snelling office to meet the financial services needs of both individuals and local businesses in the area. In addition to offering traditional deposit and loan products, Anchor Bank also offers a full line of competitive SBA, trust and mortgage services as well as 24-hour telephone banking, Internet banking and ATM services.

11.18.05 Anchor Eyes High Profile in Midway
01.04.05 Anchor Bank Named Business of Year by Woodbury CC

Anchor Bank Woodbury, is being honored by Woodbury Chamber of Commerce as the recipient of the 2004 " Small Business of the Year" award for its contributions to improving the economic and social conditions of the community. Anchor Bank, along with all of the honorees, will be recognized at the annual gala and silent auction on Friday, Jan. 21 from 6:00 - 10:00 p.m. at the Prom Center in Oakdale.

“We are honored to receive this award and proud of the work our employees do in Woodbury,” said Tom Jacobson, president, Anchor Bank Heritage, N.A. “One of the bank’s core values is a commitment to improving the communities it serves and encourages volunteer service as an opportunity to build partnerships within those communities.”

07.07.04 Anchor Bank Opens Community Park in Eagan

Anchor Bank, West St. Paul N.A. is pleased to announce the opening of The Anchorage, a community park adjacent to its Eagan location on Duckwood Drive. The public park was officially dedicated to the memory of Anchor’s founder, Winton Jones, in a private ceremony held in the park Tuesday, July 6, 2004.

“The idea to use the land as a public park was Winton’s,” said Jeff Hawkins, president, Anchor Bank, West St. Paul N.A.. “He believed strongly in giving back to the communities in which we serve and both Anchor Bank and the Jones family remain committed to this cause.”

The park is available for public use and can be reserved for special events by calling 651-687-0111.

06.24.04 Anchor Bank West St. Paul Announces Community Scholarships

Anchor Bank, West St Paul N.A., is pleased to announce it has granted seven college scholarships to high school seniors within the bank’s trade area. The recipients each received a $1000 award based on a combination of their academic achievement, school activities and community involvement.

04.20.04 Anchor Bank Blaine Groundbreaking Ceremony

Anchor Bank is pleased to announce the groundbreaking ceremony of its 15th Twin Cities office in Blaine, continuing its expansion into the northern suburbs. Blaine Mayor Tom Ryan and City Manager Ron Wood, along with Carl Jones, chairman and CEO and Jay Hammond, executive vice president of Anchor Bank, will put on hardhats and break ground to start construction of the new bank.

Anchor Bank chose Blaine because it consistently stands out as a fast-growing, business- friendly community. “Being a part of the community is very important to Anchor
Bank,” says Hammond. “Our status as one of the last mid-size community banks in the metro area makes us unique.”

Anchor Bank’s Blaine location will be a full- service financial institution that tailors its banking products to meet the needs of both individuals and local businesses. In addition to offering traditional deposit and loan products, Anc hor Bank also offers a full line of competitive investment and mortgage services, as well as 24- hour telephone banking, Internet banking and cash management services. The Blaine location is projected to open in November 2004.

07.11.03 Next Generation Bankers Adjust to Roles
10.09.03 Nisler Named Anchor Bancorp Chief Financial Officer

Anchor Bancorp, Inc., an independent community-based bank holding company with $1 billion in assets, has announced today that Dennis R. Nisler has joined Anchor as its Chief Financial Officer. In that capacity, Nisler will be responsible for all financial reporting, liquidity and capital management, asset/liability management and accounting and reports to Carl Jones, Chairman and Chief Executive Officer. Mr. Nisler brings nearly 20 years of experience in banking and financial services management.

Most recently, Mr. Nisler served as Director of Finance for a Bloomington, MN based software company. Prior to that Mr. Nisler held senior management positions with U.S. Bancorp, Minneapolis, MN and American Bancorporation, Inc., St. Paul, MN.

Mr. Nisler holds a Masters of Business Administration degree in finance and management information systems from the University of Wisconsin. He is currently a member of the board and Treasurer for the American Red Cross of the St. Paul area.

03.21.03 Anchor Bancorp Names Jones Chairman of the Board

Anchor Bancorp, Inc. is pleased to announce that Mr. Carl W. Jones has been named Chairman of the Board and Chief Executive Officer of Anchor Bancorp, Inc. He also holds the position of Chairman of the Board for each of the five subsidiary banks including Anchor Bank NA, Anchor Bank Heritage NA, Anchor Bank West St. Paul NA, Anchor Bank Saint Paul and Anchor Bank Farmington NA. Mr. Jones has held the position of President and Chief Operating Officer for Anchor Bancorp, Inc. since 1997. He served as Vice President of Corporate Affairs for Anchor Bancorp beginning in 1991. Mr. Jones succeeds his father who was the founder of Anchor Bancorp.

Mr. Jones holds a AB from Colgate University, a PhD from the University of Illinois Medical Center in Chicago, and an MBA from the University of Chicago. His prior professional experience includes positions as a Research Assistant Professor at the University of Illinois Medical Center, a management consultant specializing in medical technologies for J.L. Johnson Associates, and VP and General Manager for a start-up medical device company, Safety Diagnostics, Inc.

03. 07.03 Anchor to Stay in the Family
01.06.03 Anchor Bancorp Promotes Bussey to VP of Cash Management

Anchor Bancorp, Inc. is pleased to announce that Mr. Jeff Bussey has been promoted to Vice President of Cash Management. With more than 15 years in the financial services industry, Mr. Bussey has experience working with business owners to meet their unique cash management needs. Most recently, Mr. Bussey served as Vice President of Operations& Application Support for Anchor Bancorp and previously was the cashier at Anchor Bank Farmington, N.A. Prior to joining Anchor Bancorp, Mr. Bussey was with Vermillion State Bank in Hastings, MN and Brenton Bank in Des Moines, IA.

Mr. Bussey holds a bachelor’s degree in business administration from the University of Minnesota in Duluth. He is an active member of the Finance Committee of Our Savior’s Lutheran Church of Hastings and resides in Hastings, Minnesota.