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| Alliance Bancorp Declares Cash Dividend of 10 Cents Per Share |
HINSDALE, Ill., March 21 /PRNewswire/ -- Alliance Bancorp (Nasdaq: ABCL),
the holding company for Liberty Federal Bank, today announced that its board
of directors declared a quarterly cash dividend of $0.10 per share, to be paid
April 18, 1997, to shareholders of record as of March 31, 1997. This is
consistent with the company's previously announced intention to pay a cash
dividend at an annual rate of $0.65 per share after the completion of the
merger of Liberty Bancorp Inc. with and into Hinsdale Financial Corporation
(which subsequently changed its name to Alliance Bancorp). The merger of
equals between these two companies occurred on February 10, 1997. Prior to
the merger, Liberty Bancorp paid a $0.06 per share dividend on February 9,
1997.
Alliance Bancorp is headquartered in Hinsdale, Ill. Liberty Federal Bank
is a $1.3 billion bank operating 15 retail banking offices throughout
Chicagoland. The bank also owns Preferred Mortgage Associates Ltd., one of
the largest mortgage brokers in the Chicago metropolitan area.
SOURCE Alliance Bancorp Inc.
back to topCONTACT:
Richard A. Hojnicki, Executive Vice President
and Chief Financial Officer, of Alliance Bancorp, 630-323-1776;
or Marilyn Windsor, General Inquiries, 312-640-6692, or Brendan
Fitzpatrick, Analyst Inquiries, 312-640-6788, both of FRB
