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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): July 31, 1998
Alliance Bancorp
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(Exact name of registrant as specified in its charter)
Delaware 0-20082 36-3811768
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
Registrant's telephone number, including area code: (630) 323-1776
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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.
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On June 30, 1998, the merger of Southwest Bancshares, Inc. with and into
Alliance Bancorp was completed. Alliance Bancorp was the surviving entity in the
merger. The merger was accounted for under the pooling-of-interest method of
accounting, and 1.1981 shares of Alliance Bancorp common stock were exchanged
for each outstanding share of Southwest Bancshares common stock. A total of
3,411,500 shares of Alliance Bancorp common stock were issued for the 2,847,585
shares of Southwest Bancshares common stock outstanding.
The following is selected consolidated financial information as of and for
the month ended July 31, 1998, which period covers thirty one (31) days of
combined operations of Alliance Bancorp, taking into account the merger of
Southwest Bancshares, Inc. with and into Alliance Bancorp.
Total Assets $ 2,079,091,000
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Total Loans $ 1,350,689,000
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Total Deposits $ 1,318,058,000
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Total Stockholders' Equity $ 181,952,000
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Number of Shares of Common
Stock Outstanding 11,434,437
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Interest Income $ 11,976,000
Interest Expense 7,593,000
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Net Income Interest 4,383,000
Non-Interest Income 1,731,000
Non-Interest Expense 3,825,000
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Income Before Income Tax 2,289,000
Income Tax Expense 969,000
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Net Income $ 1,320,000
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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, hereunto duly authorized.
ALLIANCE BANCORP
DATE: August 26, 1998 By: /s/ Richard A. Hojnicki
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Richard A. Hojnicki
Executive Vice President and
Chief Financial Officer
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