Anchor Bank

Anchor Bank is a full-service bank that accepts passbook savings accounts, demand accounts, interest-bearing checking accounts, money market deposit accounts and certificates of deposit. It is a subsidiary of Anchor Bancorp, which is a privately owned Minnesota-based bank holding corporation. Anchor Bank originates single-family residential, multi-family residential, commercial real estate, construction and land mortgage loans; consumer loans, including second mortgage, home equity and education loans; and commercial business loans. The bank, through its affiliate, offers investment management services and life and disability insurance. It also offers telephone and Internet banking that provides 24-hour access to deposit and loan account information. Anchor Bank operates through more than 15 branches. It has a location in Farmington, Minn.