ALLIANCE BANK RANKS EIGHTH BEST PERFORMING COMMUNITY BANK IN THE NATION
St. Paul, MN - (Market Wire) - June 19, 2007 -
Alliance Bank, a privately owned community bank, announced its #8 ranking of
community banks across the nation in the June 2007 issue of Independent Banker,
published by the Independent Community Bankers of America (ICBA).
The IBCA, the nation’s largest banking trade association, evaluated community
banks nation-wide based on their end-of-year performance and categorized leaders
by their corporation filing status and asset-size. Alliance Bank ranked in the
top 7% of community banks for Return on Assets (ROA) of Subchapter S corporations
with assets between $250 and $500 million. Alliance Bank was also listed as a Top
20 Performer in 2006.
“We have experienced tremendous growth over the past number of years,” said V.
Philip Reim, chief executive officer. “Despite the vast competition in our marketplace,
our top ranking shows that businesses and individuals continue to turn to us for the
products and services they need. We are honored to be recognized for our performance.
As we remain focused on our clients and the communities we serve, we are poised for continued
About Alliance Bank
Alliance Bank is a privately owned community bank. Alliance Bank provides highly
integrated commercial, agricultural, private and personal banking services through
ten locations in Minnesota and Wisconsin. Established in 1867, Alliance Bank delivers
big bank expertise with community bank service. As a family-owned bank, Alliance Bank is
committed to remaining independent and providing personal interaction and timely decision
making. From basic checking and savings products, to business loans, personal loans,
sophisticated cash management and online banking services, Alliance Bank offers services
to help companies and individuals succeed. Visit www.alliancebanks.com or call 1-888-959-9425
to learn more.