E4-475. Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies

The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than March 22, 2004.

A. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:

1. Anchor Bancorp, Inc., Voting Preferred Stock Trust No. 1, Wayzata, Minnesota, and Anchor Bancorp, Inc., Voting Preferred Stock Trust No. 2, Wayzata, Minnesota (Jacqueline D. Becklund, William J. Berens, Richard D. Bliss, Carl W. Jones, Christopher W. Jones, Richard A. McMahon, Helen J. Warren, and Wendy J. Zehngebot, as trustees of each trust); as a group acting in concert, to gain control of Anchor Bancorp, Inc., Wayzata, Minnesota, and thereby indirectly acquire voting shares of Anchor Bank Farmington, National Association, Farmington, Minnesota, Anchor Bank Heritage, N.A., North Saint Paul, Minnesota; Anchor Bank Saint Paul, Saint Paul, Minnesota; Anchor Bank National Association, Wayzata, Minnesota; and Anchor Bank, West Saint Paul, National Association, West Saint Paul, Minnesota.

Board of Governors of the Federal Reserve System, March 2, 2004.

Robert deV. Frierson,

Deputy Secretary of the Board.