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Originally published Friday, July 20, 2012 at 4:12 PM

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Anchor Bancorp warns of loss

Lacey banking company warns of quarterly loss

Seattle Times staff reporter

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Anchor Bancorp, the Lacey holding company of Anchor Bank, said Friday it had increased its loan loss provision from $300,000 to $1.4 million for its fourth fiscal quarter ended June 30 after receiving more information on a commercial and industrial loan.

The higher loss provision was expected to result in a quarterly loss between $325,000 and $525,000, the company said. With $488 million in assets as of March 31, Anchor Bank has 13 branches in Grays Harbor, Thurston, Lewis, Mason and Pierce counties.

The company, which will file a full report on its quarterly earnings later this summer, saw its stock close up 52 cents at $11.30.

Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com

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