BROOMALL, Pa., Nov. 18, 2010 (GLOBE NEWSWIRE) -- Alliance Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:ALLB), the holding company for Alliance Bank, announced today that Alliance Mutual Holding Company, the Company's mutual holding company parent, has received conditional approval from the Office of Thrift Supervision and the Pennsylvania Department of Banking to reorganize from the two-tier mutual holding company structure to the stock holding company structure and commence a "second-step" stock offering of shares of common stock of a new holding company. The Company also announced that the registration statement relating to the sale of common stock by the new holding company for Alliance Bank, a newly formed Pennsylvania corporation also named "Alliance Bancorp, Inc. of Pennsylvania," has been declared effective by the Securities and Exchange Commission.
Alliance Bancorp, Inc. Of Pennsylvania To Commence Second-Step Conversion And Stock Offering
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