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EXCHANGE ACT OF 1934
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ALLIANCE BANCORP
(NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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FOR IMMEDIATE RELEASE
ALLIANCE BANCORP ANNOUNCES CASH DIVIDEND OF 14 CENTS PER SHARE
Hinsdale, Illinois June 17, 1999, Alliance Bancorp (Nasdaq:ABCL), the holding
company for Liberty Federal Bank, today announced a cash dividend of $0.14 per
share, payable on July 14, 1999, to holders of its common stock as of the record
date of June 30, 1999.
Russell 3000 Index
Alliance also announced that a preliminary determination has been made by the
Frank Russell Company to add Alliance Bancorp Common Stock to the Russell 3000
Index, the highly respected index of top U.S. small-capitalization stocks. The
Russell 3000 Index is compiled by the Frank Russell Company, one of the world's
leading asset consulting and investment management firms, providing investment
advice, analytical tools and funds to institutional and individual investors in
more than 25 countries. More than $100 billion is invested in index funds that
use Russell's U.S. stock indeces as their model.
"We are pleased to have the distinction of being included in the Russell 3000
Index consideration," Kenne P. Bristol, President and Chief Executive Officer of
Alliance Bancorp stated. "The intention to include Alliance Bancorp in the
Russell Indexes is a reflection of the Company's performance and attractive
future prospects."
Liberty Federal Bank is a community-oriented financial services company
operating 20 retail banking offices in Chicago and surrounding suburbs.
The company's common stock trades on the Nasdaq National Market tier of the
Nasdaq Stock Market under the symbol: ABCL.
For more information contact:
Richard A. Hojnicki
Executive Vice President
and Chief Financial Officer
(630) 794-8758
