Advertisement

Anchor Savings Bank has agreed to be...

Share

Anchor Savings Bank has agreed to be acquired for $170 million in cash by Atlanta-based Hamilton Holding Co., whose principal owner controls Ensign Bank and Carnival Cruise Lines Inc. of Miami. The two institutions would have combined assets of $10.3 billion and branches throughout the Atlantic seaboard, making it one of the nation’s five largest savings institutions. The offer requires approval from regulators and stockholders. Anchor operates branches throughout the New York region, Georgia and Florida and has two mortgage banking units. Ensign Bank has branches in metropolitan New York and in Florida.

Advertisement