Washington Federal and Anchor Bancorp Announce Extension of Merger Agreement
WaFd, Inc. (WAFD)
Last wafd, inc. earnings: 4/21 07:00 pm
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US:NASDAQ Investor Relations:
washingtonfederal.com/investor-relations/overview
Company Research
Source: Business Wire
SEATTLE & LACEY, Wash.--(BUSINESS WIRE)-- Washington Federal, Inc. (“Washington Federal”) (NASDAQ: WAFD) and Anchor Bancorp (“Anchor”) (NASDAQ: ANCB) announced today that they have mutually agreed to amend their merger agreement that was entered into on April 11, 2017. The amendment extends from December 31, 2017 to June 30, 2018, the date after which either party can elect to terminate the agreement if the transaction contemplated by the agreement (the “Merger”) has not yet been completed. This Smart News Release features multimedia. View the full release here:http://www.businesswire.com/news/home/20170927006307/en/ The need for the amendment was due to the identification of certain issues with respect to procedures, systems and processes of Washington Federal’s bank subsidiary, Washington Federal, National Association, relating to its Bank Secrecy Act (“BSA”) program. Washington Federal is taking proactive steps
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