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SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [x]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[_] Preliminary Proxy Statement
[_] CONFIDENTIAL, FOR USE OF THE
COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(E)(2))
[_] Definitive Proxy Statement
[x] Definitive Additional Materials
[_] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12
ALLIANCE BANCORP
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[x] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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Notes:
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[Logo of Alliance Bancorp Appears Here]
June 14, 1999
Dear Fellow Stockholder:
We would like to thank you, the stockholders, for the strong show of support
you have given the Board of Directors. Please be assured that your Board will
continue to focus on enhancing the value of your investment and pursuing the
best interests of all stockholders. Vote the WHITE proxy card--only the latest
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dated proxy card counts.
As we approach the June 23 annual meeting, you should anticipate additional
claims being made by LaSalle in connection with their attempt to replace three
independent, qualified directors who have been elected by the stockholders.
DON'T BE MISLED.
AN INVESTMENT WORTH PROTECTING -- THE RECORD IS CLEAR
Your Company is well positioned to deliver further value to stockholders
through either continued operations or a merger transaction.
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. Our earnings per share have grown at an annualized compounded rate of
30% since December 31, 1996 (excluding non-recurring expenses).
. Non-performing loans are just 0.37% of total loans.
. Our loan portfolio has averaged an annualized growth rate of 25% from
September 30, 1996 through December 31, 1998.
. The quarterly cash dividend was increased 12% to $0.56 per share
annually.
IN ADDITION, the Board is not opposed to maximizing stockholder value
through a merger with another financial institution.
STOCK PERFORMANCE. Despite LaSalle's claims, prior to the 1998 market
downturn in mid-cap bank stocks, the trading price of Alliance Bancorp common
stock annually outperformed a broad market and peer group index (as reported in
the annual proxy statements). We are further encouraged in 1999 by the fact
that several brokerage firms have either initiated coverage of Alliance Bancorp
or have issued favorable recommendations for the common stock. Remember, our
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stock price traded at its 52-week low during the period in late 1998 when
LaSalle dumped more than 210,000 shares into the market, or approximately 25%
of their position. Since then, the stock price has recovered and has increased
more than 68%!
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WHAT ARE LASALLE'S REAL INTERESTS? LaSalle's nominees have not invested one
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dollar of their own funds in your Company. The LaSalle Group is attempting to
replace three experienced and independent directors of your Company to further
the interests and investment objectives of their limited partners--which may
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not be consistent with the interests and objectives of all stockholders. In
addition, LaSalle has stated that they expect the Company/stockholders to
reimburse LaSalle for the significant cost of their proxy campaign. Your
Board's constituency is you, and they are committed to maximizing value for all
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stockholders.
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The nominees for re-election proposed by your Board have the experience and
the dedication needed to analyze all options that can potentially enhance
stockholder value. Ask yourself who you trust to consider the interests of all
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stockholders--not just a select group of limited partners. We again thank you
for your continued support.
Please do not hesitate to telephone either of the undersigned if you have
any questions, or call our proxy solicitor Kissel-Blake, if you need assistance
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in voting.
Sincerely,
/s/ Fredric G. Novy /s/ Kenne P. Bristol
Fredric G. Novy Kenne P. Bristol
Chairman of the Board President and Chief Executive
Officer
YOUR VOTE IS IMPORTANT
. Regardless of how many shares you own, your vote is very important.
. If you have not already done so, please sign, date and return the
enclosed WHITE proxy card in the enclosed postage-prepaid envelope.
. If you previously have returned a WHITE proxy card and have not
subsequently signed a Green proxy card, no further action by you is
required.
. The Board of Directors respectfully requests that you not return any
proxy cards sent to you by the LaSalle Group. If you previously have
returned any Green proxy card, even if to withhold authority to
vote, please sign, date and return the enclosed WHITE proxy card in
the enclosed postage-prepaid envelope.
. For assistance in voting your shares or further information, please
contact the Company at 630-794-8700, or our proxy solicitor:
KISSEL-BLAKE
Call Toll Free 1-800-498-2628
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