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Tuesday's Financial Stock Winners & Losers

Stock quotes in this article: FMD , ALLB , CBAN , NFP  

Alliance Bank (ALLB Quote) was higher a day after it said it would form a stock holding company and sell additional shares.

The boards of the bank and its majority shareholder, Greater Delaware Valley Holdings, a mutual holding company, are proposing a reorganization plan. As part of the plan, Greater Delaware will convert to a federal charter and change its name to Alliance Mutual Holding. Shares of Alliance Bank were gaining $2.75, or 11.3%, to $27.

Colony Bankcorp (CBAN Quote) was climbing after getting an upgrade from a Wall Street analyst. Keefe Bruyette lifted its rating on the bank to outperform from market perform. Shares of Colony were gaining 79 cents, or 4.6%, to $18.06. ...

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