Exhibit 99.1

MADISON  and  OSHKOSH,  Wis. - (BUSINESS  WIRE) - Jan. 5, 1999 - Anchor  BanCorp
Wisconsin  Inc.,  Madison,  Wisconsin,  (NASDAQ  trading  symbol "ABCW") and FCB
Financial Corp.,  Oshkosh,  Wisconsin  (NASDAQ trading symbol "FCBF")  announced
today they have entered into a definitive  agreement providing for the merger of
FCB Financial Corp.  with and into Anchor.  Anchor BanCorp is the parent holding
company for AnchorBank,  S.S.B.,  a $2.1 billion  financial  institution with 35
full service offices and 2 lending only facilities in 13 Wisconsin counties. FCB
Financial  Corp.  is the parent  holding  company  for Fox Cities  Bank,  a $535
million  financial  institution  with 13 full  service  offices  in 5  Wisconsin
counties.

In the merger,  FCB shareholders will receive 1.83 shares of Anchor common stock
for each share of FCB common stock they own. Fox Cities Bank would  subsequently
merge with and into  AnchorBank  and their  offices  would operate as AnchorBank
branch offices.

James J.  Rothenbach,  President of FCB Financial Corp. said, "This merger is in
the  long  term  interests  of both  our  customers  and our  shareholders.  Our
shareholders  will receive  shares in a company whose  management  and directors
have a track record of increasing stockholder value. For our customers,  it is a
merger of neighbors, so all Fox Cities Bank offices will continue to operate. We
also have similar customer-oriented philosophies. Our customers will continue to
experience  excellence in service,  being served by the same people they already
know. In addition, they will be able to do business in Anchor offices throughout
the state."

Douglas  J.  Timmerman,  President  of Anchor  BanCorp  said,  "We  welcome  the
shareholders and customers of Fox Cities Bank to the AnchorBank  family. We have
had a  lending  presence  in  Oshkosh  and  Appleton  since  1988 and have  been
operating  one full  service  office in Oshkosh  for the past two years.  We are
exceptionally  pleased to be able to expand both  personal and business  banking
services  in  this  growing  area  of  the  state.   Shareholders   will  own  a
significantly stronger franchise."

Consummation of the merger is subject to applicable  regulatory approvals and to
approval by the shareholders of both companies.  The parties anticipate that the
Merger will be completed during the second calendar quarter of 1999.

The  information  contained  in  this  press  release  contains  forward-looking
statements  regarding  expected  future  financial  performance  which  are  not
historical facts and which involve risks and  uncertainties.  Actual results and
performance   could  differ   materially   from  those   contemplated  by  these
forward-looking statements.

                                      -1-