Anchor Bancorp is a bank holding company for Anchor Bank. The Company�s business activities are limited to investment activities in Anchor Bank. Anchor Bank is a community-based savings bank primarily serving Western Washington through its 14 full-service banking offices (including four Wal-Mart store locations) and located within Grays Harbor, Thurston, Lewis, Pierce and Mason counties, Washington. The Company is in the business of attracting deposits from the public and utilizing those deposits to originate loans. It offers a range of loan products to meet the demands of its customers, however, at June 30, 2011, 89.9% of its loans were collateralized by real estate. The Company offers one- to four-family residential construction, commercial real estate, consumer loans, commercial real estate loans and multi-family loans primarily in Western Washington. Its lending activities also include the origination of residential construction loans through brokers.