Exhibit 99.1
 Press Release
    
    NASDAQ:ABCW
 
 ANCHOR BANCORP WISCONSIN INC. ANNOUNCES
FOURTH QUARTER & FISCAL YEAR RESULTS




---



##### 



Highlights for the fourth quarter and the fiscal year ended March 31, 2011, include:
 
    
    Total Risk-Based Capital Ratio for the Bank was at 8.04 percent as of March 31, 2011.
Under OTS (Office of Thrift Supervision) requirements, a bank must have a total Risk-Based
Capital Ratio of 8.0 percent or greater to be considered adequately capitalized; however,
the Banks capital ratios remain below the 12 percent level required under the terms of the
Cease and Desist Order issued by the Office of Thrift Supervision on June 10, 2009.
    
    Total assets declined by 23.1 percent to $3.39 billion as of March 31, 2011, compared
to $4.42 billion as of March 31, 2010. The decline was largely due to a $721 million
reduction in loans receivable for the year. The decline was driven by scheduled pay-offs,
amortizations and transfers to foreclosed properties as part of a proactive collection and
workout effort.
    
    Net interest margin increased to 2.35 percent for the year ended March 31, 2011,
compared to 1.86 percent for the year ended March 31, 2010. While the yield on earning
assets decreased by 15 basis points, from 4.74 percent for the year ended March 31, 2010,
to 4.59 percent for the year ended March 31, 2011, the cost of funds has declined 67 basis
points, from 2.82 percent to 2.15 percent in the same period, primarily due to closely
managing our CD portfolio, which significantly improved the net interest margin.
    
    Total non-interest income, excluding gains from the sale of investment securities, was
$47.2 million for the 12 months ended March 31, 2011, 3.4 percent ahead of the $45.7
million earned in the 12 months ended March 31, 2010. The 2011 results were enhanced by
gains of $7.4 million on the sale of 15 branches and $770,000 on the sale of education
loans. In addition, a favorable refinancing environment in the housing market led to a
$17.1 million gain on the sale of mortgage loans.
    
    Non-interest expense for the twelve months ended March 31, 2011, decreased by $27.4
million to $130.8 million, compared to the same period last year, primarily due to
reductions in compensation expenses and FDIC insurance premiums.
 Capital Ratios




---



##### 



Credit Quality Improvement Efforts Continue
    Expenses Continue on Favorable Trend




---



##### 



About Anchor Bancorp Wisconsin, Inc.
  For More Information
  Forward-Looking Statements
 This news release contains certain forward-looking statements, as that term is defined in the U.S.
federal securities laws. In the normal course of business, we, in an effort to help keep our
shareholders and the public informed about our operations, may from time to time issue or make
certain statements, either in writing or orally, that are or contain forward-looking statements.
Generally, these statements relate to business plans or strategies, projected or anticipated
benefits from acquisitions or dispositions made by or to be made by us, projections involving
anticipated revenues, earnings, liquidity, profitability or other aspects of operating results or
other future developments in our affairs or the industry in which we conduct business. Although we
believe that the anticipated results or other expectations reflected in our forward-looking
statements are based on reasonable assumptions, we can give no assurance that those results or
expectations will be attained. You should not put undue reliance on any forward-looking
statements. Forward-looking statements speak only as of the date they are made and we undertake no
obligation to update them in light of new information or future events, except to the extent
required by federal securities laws. Please refer to our Annual Report for the fiscal year ending
March 31, 2011, on Form 10-K, as filed with the Securities and Exchange Commission, for a more
comprehensive discussion of forward-looking statements and the risks and uncertainties associated
with our business.