<PAGE>
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) July 16, 1999 (June 30, 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)
<PAGE>
Item 5. Other Events.
Alliance Bancorp of New England, Inc. ("Alliance") announced that it
had issued $3.5 million in Trust Preferred Securities through a wholly owned
subsidiary, Alliance Capital Trust I, on June 30, 1999, in a Private Placement.
A copy of the press release announcing the transaction 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 July 1, 1999
2
<PAGE>
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: July 16, 1999 By: /s/ David H. Gonci
---------------------------------
David H. Gonci
Senior Vice President/
Chief Financial Officer
3
<PAGE>
Exhibit 99(i)-Press Release
David H. Gonci
Senior Vice President/
Chief Financial Officer
Vernon, CT - July 1, 1999
ALLIANCE ISSUES TRUST PREFERRED SECURITIES
Alliance Bancorp of New England, Inc. announced today that it has
issued $3.5 million in 9.40% cumulative trust preferred securities through its
wholly owned Delaware Business Trust, Alliance Capital Trust I. The securities
were issued in a private placement to certain qualified institutional buyers and
accredited investors.
Alliance President Joseph H. Rossi stated that "issuance of the trust
preferred securities will enable Alliance to continue to pursue its strategy of
measured growth as well as position us to respond to other opportunities which
may arise in our market."
Alliance also issued a corresponding amount of subordinated debentures
to Alliance Capital Trust I which will be used to pay interest on the trust's
preferred stock. Alliance invested the majority of the proceeds into common
stock of Tolland Bank, its bank subsidiary. All of the proceeds qualify as Tier
One capital under regulatory guidelines.
The transaction closed on June 30, 1999.
Alliance Bancorp of New England, Inc. (AMEX: ANE) is a bank holding
company for Tolland Bank, a Connecticut-chartered bank serving the markets of
central and eastern Connecticut.
4
