Anchor BanCorp Wisconsin Inc. is a registered savings and loan holding company engaged in the savings and loan business through its wholly owned banking subsidiary, AnchorBank, fsb (the Bank). The Company also has a non-banking subsidiary, Investment Directions, Inc. (IDI), a Wisconsin corporation that invests in real estate partnerships. IDI has two subsidiaries, Nevada Investment Directions, Inc. (NIDI) and California Investment Directions, Inc. (CIDI), both of which invest in real estate held for development and sale. The Bank has three wholly owned subsidiaries: Anchor Investment Services, Inc. (AIS), which offers investments and credit life and disability insurance to the Bank's customers and other members of the general public; ADPC Corporation (ADPC), which holds and develops certain of the Bank's foreclosed properties, and Anchor Investment Corporation (AIC), formed for the purpose of managing a portion of the Bank's investment portfolio in mortgage-related securities.