Alliance Bancorp Announces Cash Dividend of 11 Cents Per Share

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Alliance Bancorp Announces Cash Dividend of 11 Cents Per Share

    HINSDALE, Ill., Dec. 18 /PRNewswire/ --  Alliance Bancorp (Nasdaq: ABCL),
the holding company for Liberty Federal Bank, today announced an $0.11 per
share cash dividend, payable on January 20, 1998, to holders of its common
stock as of the record date of December 31, 1997.
    Liberty Federal Bank is a community-oriented financial services company
operating fourteen retail banking offices in Chicago, north and western Cook
County, and DuPage County.
    The company's common stock trades on the Nasdaq National Market tier of
the Nasdaq Stock Market under the symbol: ABCL.

SOURCE Alliance Bancorp Inc.

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CONTACT:
Richard A. Hojnicki, Executive Vice President
and Chief Financial Officer of Alliance Bancorp, 630-794-8758