Anchor Bancorp warns of loss
Lacey banking company warns of quarterly loss
Seattle Times staff reporter
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 email@example.com