BROOMALL, Pa., Aug. 11, 2010 (GLOBE NEWSWIRE) -- Alliance Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:ALLB), the "mid-tier" holding company of Alliance Bank, announced today that the Boards of Directors of the Company, Alliance Mutual Holding Company (the "MHC") and Alliance Bank have unanimously adopted a Plan of Conversion and Reorganization (the "Plan") pursuant to which Alliance Bank will reorganize from the two-tier mutual holding company structure to the stock holding company structure and will undertake a "second-step" offering of shares of common stock of a new Pennsylvania corporation formed in connection with the conversion. Alliance Bank adopted the mutual holding company structure in 1995 and reorganized to a mid-tier holding company structure in January 2007.
Alliance Bancorp, Inc. Of Pennsylvania Announces Adoption Of Plan Of Conversion And Reorganization
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