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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) May 13, 1999 (May 10, 1999)
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Alliance Bancorp of New England, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 001-13405 06-1495617
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(State of Other Jurisdiction (Commission File IRS Employer
of Incorporation) Number) Identification No.
348 Hartford Turnpike, Vernon, CT 06066
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (860) 875-2500
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On May 10, 1999, Tolland Bank, the subsidiary of Alliance Bancorp of
New England, Inc., signed a purchase and sale agreement for a building site on
the Tolland-Vernon Town Line. The Bank plans to open a branch office at that
location after receiving town and regulatory approvals. A copy of the press
release announcing the new office 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 May 11, 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: May 13, 1999
By: /s/ David H. Gonci
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David H. Gonci
Senior Vice President/Chief Financial Officer
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Exhibit 99(i)-Press Release
Joyce M. Joy
Vice President/Marketing
Vernon, CT - May 11, 1999
TOLLAND BANK TO OPEN NEW OFFICE ON ROUTE 30 (Tolland-Vernon Line)
Tolland Bank announced today that it has signed a purchase and sale agreement
for a building site at 62 Hyde Avenue (Route 30), Vernon - on the Tolland-Vernon
Town Line. The Bank plans to open a branch office at that location after
receiving town and regulatory approvals.
Joseph H. Rossi, President/CEO said, "We are excited about this new location
because it offers additional convenience to our customers in Tolland and Vernon,
and it offers the opportunity for new business in an extended market area as
well. This new location will give Tolland Bank two offices on the Route 30
corridor which runs parallel to I-84, and that definitely improves convenience
in that market area."
The new Route 30 office will offer a wide array of banking products and services
for businesses, consumers and municipalities - including a drive through teller,
drive-up ATM, and safe deposit boxes. As previously announced, the interim
office located at 670 Tolland Stage Road (Route 74) will remain open until this
new office is completed.
Tolland Bank recently broke ground and began construction of its new office in
South Windsor at 1665 Ellington Road where it expects to open for business in
the coming months. Earlier this year, the Bank relocated its 237 Merrow Road
office in Tolland to 215 Merrow Road, and the Bank also completed the relocation
of its temporary Hebron office to the permanent location at 31 Main Street.
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.
