MOUNTLAKE TERRACE, Wash. and LACEY, Wash., Sept. 26, 2018 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (Nasdaq: FSBW) the ancestor aggregation of 1st Security Coffer of Washington (“1st Security Bank”), and Anchor Bancorp (Nasdaq: ANCB, “Anchor”), the ancestor aggregation of Anchor Bank, today accordingly advertise that the appropriate authoritative approvals accept been accustomed from the Washington Department of Banking Institutions and the Federal Drop Insurance Association in affiliation with the proposed alliance of Anchor with and into FS Bancorp as able-bodied as the alliance of Anchor Coffer into 1st Security Bank. The Federal Reserve Board additionally accepted FS Bancorp’s requested abandonment from its appliance filing requirements.
The achievement of the proposed alliance charcoal accountable to approval from Anchor shareholders and the achievement of added accepted closing conditions. Anchor’s appropriate affair of shareholders is appointed for November 13, 2018 and a proxy statement/prospectus will be mailed to shareholders on or about October 4, 2018.
“Each affair we accept with Anchor advisers added validates the able cultural fit we advancing with the alliance advertisement on July 17, 2018, and we attending advanced to growing in the communities served by Anchor and FS Bancorp,” declared Joe Adams, Chief Controlling Officer of FS Bancorp.
Jerry Shaw, Chief Controlling Officer of Anchor, said, “We are admiring to move advanced against achievement of the alliance with FS Bancorp. Our affiliation will account our shareholders, barter and the communities we serve.”
About FS Bancorp, Inc.
FS Bancorp, Inc., a Washington corporation, is the captivation aggregation for 1st Security Coffer of Washington. 1st Security Coffer provides accommodation and drop casework to predominantly baby and middle-market businesses and individuals in western Washington through its coffer branches, including the anew opened Silverdale annex in the 2nd division of 2018, and seven accommodation assembly offices in assorted burghal communities in the greater Puget Sound breadth and in the bazaar breadth of the Tri-Cities, Washington.
About Anchor Bancorp, Inc.
Anchor Bancorp is headquartered in Lacey, Washington and is the ancestor aggregation of Anchor Bank, a community-based accumulation coffer primarily confined Western Washington through its nine full-service cyberbanking offices aural Grays Harbor, Thurston, Lewis, and Pierce counties, and one accommodation assembly appointment amid in King County, Washington. For added information, appointment the Company’s web armpit www.anchornetbank.com.
Forward Looking Statements
This columnist absolution contains advanced statements apropos FS Bancorp, Anchor, the proposed alliance and the accumulated aggregation afterwards the aing of the transaction that are brash to be covered by the safe anchorage for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements added than statements of absolute actuality are advanced statements. These statements absorb inherent risks, uncertainties and contingencies, abounding of which are difficult to adumbrate and are about aloft the ascendancy of FS Bancorp, Anchor and the accumulated company. We attention readers that a cardinal of important factors could account absolute after-effects to alter materially from those bidding in, or adumbrated or projected by, such advanced statements. In accession to factors ahead appear in letters filed by FS Bancorp with the Securities and Exchange Commission (the “SEC”), risks and uncertainties for anniversary academy and the accumulated academy include, but are not bound to, the afterward factors: the accepted amount savings, synergies and added banking allowances from the alliance ability not be accomplished aural the accepted time frames or at all; altitude to the closing of the alliance may not be satisfied; the shareholders of Anchor may abort to accept the cleanup of the merger; the affiliation of the accumulated company, including cadre changes/retention ability not advance as planned; and the accumulated aggregation ability not accomplish as able-bodied as expected. All advanced statements included in this advice are based on advice accessible at the time of the communication. FS Bancorp and Anchor undertake no obligation to alter or about absolution any afterlight or amend to these advanced statements to reflect new information, approaching contest or affairs or contrarily that action afterwards the date on which such statements were made.
Annualized, pro forma, projected and estimated numbers are acclimated for allegorical purposes only, are not forecasts and may not reflect absolute results.
FS Bancorp, Inc. filed a allotment account on Form S-4 with the SEC in affiliation with the proposed transaction. The allotment account includes a proxy account of Anchor Bancorp that additionally constitutes a announcement of FS Bancorp, which is actuality beatific to the shareholders of Anchor. Anchor shareholders are brash to apprehend the proxy statement/prospectus because it contains important advice about FS Bancorp, Anchor and the proposed transaction. This certificate and added abstracts apropos to the alliance filed by FS Bancorp can be acquired chargeless of allegation from the SEC’s website at www.sec.gov. These abstracts additionally can be acquired chargeless of allegation by accessing 1st Security Bank’s website at www.fsbwa.com beneath the tab “Investor Relations” and again beneath “SEC Filings.” Alternatively, these abstracts can be acquired chargeless of allegation from FS Bancorp aloft accounting appeal to FS Bancorp, Inc., Attn: Investor Relations, 6920 220th St SW, Mountlake Terrace, Washington, 98043 or by calling (425) 771-5299 or from Anchor, aloft accounting appeal to Anchor Bancorp, Attn: Investor Relations, 601 Woodland Square Loop SE, Lacey, WA, 98503 or by calling (360) 491-2250.
Participants In The Solicitation
FS Bancorp, Anchor and assertive of their corresponding admiral and controlling admiral may be accounted to be participants in the address of proxies from Anchor shareholders in affiliation with the proposed transaction beneath the rules of the SEC. Advice about the admiral and controlling admiral of FS Bancorp may be begin in the absolute proxy account of FS Bancorp filed with the SEC by FS Bancorp on March 28, 2018. This absolute proxy account can be acquired chargeless of allegation from the sources adumbrated above. Advice about the admiral and controlling admiral of Anchor is included in the proxy statement/prospectus filed with the SEC. Additional advice apropos the interests of these participants is also included in the proxy statement/prospectus apropos the proposed transaction.
SOURCE: FS Bancorp, Inc. and Anchor Bancorp
FS Bancorp, Inc.:Phone: (425) 771-5299
Joseph C. Adams, Chief Controlling OfficerMatthew D. Mullet, Chief Banking Officer
Anchor Bancorp:Phone: (360) 491-2250
Jerald L. Shaw, President and Chief Controlling OfficerTerri L. Degner, Chief Banking Officer
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