POWER OF ATTORNEY
Know all by these present that the undersigned hereby constitutes and appoints each of Mark
Timmerman and Susan Bach (collectively, the Designees), signing singly, the undersigneds true
and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the undersigneds capacity as a
shareholder, officer and director of Anchor BanCorp Wisconsin, a Wisconsin corporation (the
Company), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of
1934, as amended (the Exchange Act), and the rules thereunder;
(2) do and perform any and all acts for an on behalf of the undersigned which may be necessary
or desirable to complete and execute and such Form 3, 4, or 5 and timely file such form with the
United States Securities and Exchange Commission and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the foregoing which, in
the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally
required by, the undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-facts discretion.
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and
perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the
exercise of any of the rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and power herein granted. The undersigned acknowledges that
the foregoing attorneys-in-fact, in serving such capacity at the request of the undersigned, are
not assuming, nor is the Company assuming, any of the undersigneds responsibilities to comply with
Section 16 of the Exchange Act and the rules thereunder.
This Power of Attorney shall remain in full force and effect until the undersigned is no
longer required to file Forms 3, 4, and 5 with respect to the undersigneds holdings of and
transactions in securities issued by the Company, unless earlier revoked by the undersigned in a
signed writing delivered to the foregoing attorneys-in fact. In addition, this Power of Attorney
shall terminate with respect to any Designee if such person is no longer employed by the Company or
its successors.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the 1st
day of July, 2009.
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| /s/ Chris M. Bauer
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| Chris M. Bauer |
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