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Avondale Announces Resignation of Executive Vice President 

    CHICAGO, July 2 /PRNewswire/ -- Avondale Financial Corp. (Nasdaq: AVND),
the holding company for Avondale Federal Savings Bank, today announced the
resignation of Anthony Pallante, Executive Vice President.  Mr. Pallante is
leaving the Bank to pursue other opportunities.  A search has begun for his
replacement.  In the interim, his responsibilities will be assumed by Robert
S. Engelman, Jr., President and CEO.
    Avondale Financial Corp. is the holding company for Avondale Federal
Savings Bank.  The Bank operates five offices in the Chicago area.  Avondale
Financial Corp.'s shares trade on Nasdaq under the symbol AVND.
SOURCE Avondale Financial Corp.



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CONTACT:
Robert S. Engelman, Jr., President and CEO,
of Avondale Financial, 312-782-6200, or email,
rengelman@mail.avondalefinancial.com
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