ALLIANCE BANCORP OF NEW ENGLAND INC
8-K, 1999-10-04
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549




                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of report
(Date of earliest event reported)           October 4, 1999 (September 28, 1999)


                      Alliance Bancorp of New England, Inc.
              ----------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)



         Delaware                        001-13405               06-1495617
- ----------------------------         ----------------        ------------------
(State of Other Jurisdiction         (Commission File           IRS Employer
     of Incorporation)                    Number)            Identification No.


                     348 Hartford Turnpike, Vernon, CT 06066
              ----------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)



       Registrant's telephone number, including area code (860) 875-2500
                                                          --------------


                                 Not Applicable
        ----------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



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Item 5.  Other Events.

         On September 28, 1999, the Board of Directors of Alliance Bancorp of
New England, Inc. ("Alliance") approved the appointment of Joseph P. Capossela
to the Board of Directors. Mr. Capossela will fill the unexpired term of Dr.
Howard G. Abbott, deceased. A copy of the press release announcing the
appointment of the new director is attached hereto as Exhibit 99(i).


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (a)      Financial Statements of Businesses Acquired
                  Not applicable

         (b)      Pro Forma Financial Information
                  Not applicable

         (c)      Exhibits

                  (99)(i) Press release dated October 4, 1999.




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                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.

                                      ALLIANCE BANCORP OF
                                         NEW ENGLAND, INC.
                                      Registrant



Date:  October 4, 1999                By:   /s/ David H. Gonci
                                            ----------------------------------
                                                David H. Gonci
                                                Senior Vice President/
                                                Chief Financial Officer






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                                                     Exhibit 99(i)-Press Release
Press Release

                                                        Joyce M. Joy
                                                        Vice President/Marketing


Vernon, CT - October 4, 1999

                ALLIANCE AND TOLLAND BANK ELECT JOSEPH CAPOSSELA
                              TO BOARD OF DIRECTORS

Joseph P. Capossela has been elected to the Board of Directors of Alliance
Bancorp of New England, Inc., and Tolland Bank. Mr. Capossela is the Managing
Partner in the Vernon law firm of Kahan, Kerensky & Capossela, LLP. Attorney
Capossela practices extensively in real estate, zoning, wetlands and
environmental matters.

President/CEO Joseph H. Rossi said, "Joe is a well-respected member of our
business community and a civic-minded, longtime resident of this area. We are
very pleased to have him on our team."

A graduate of the University of Connecticut Law School, he completed his
undergraduate work at Providence College. Mr. Capossela is a member of the
Tolland County, Connecticut and American Bar Associations. He has served as a
member of the Executive Committee of the Planning and Zoning Section of the CBA
for many years. In addition, Attorney Capossela is an associate member of the
Connecticut Farm Bureau where he serves as Tolland County counsel, a member of
the Panel of Arbitrators of the American Arbitration Association, and a member
of the Connecticut Association of Zoning Enforcement Officials. He served for
many years as Chairman of the local grievance panel for lawyers and continues to
act as a member of the Tolland County Standing Committee on Recommendations for
Admission to the Bar.

Attorney Capossela is a member and past president of the Rockville Exchange Club
and a member of the Ellington Ridge Country Club Board of Governors, where he
currently serves as Chairman of the Greens Committee. He is the former Chairman
of the Ellington Water Pollution Control Authority and the former Vice Chairman
of the Ellington Charter Revision Commission.

Tolland Bank, a subsidiary of Alliance Bancorp of New England, Inc. (AMEX:ANE),
is a Connecticut-chartered savings bank serving Tolland County and the
surrounding communities.




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