St. Paul, MN – (Market Wire) – November 27, 2007 – Alliance Bank, a privately owned community bank with over $580 million in assets, announced today the plan to open a new bank at 840 Technology Drive, Red Wing, MN. The bank is scheduled to open on December 17, 2007. Paul E. Kramp will serve as the president of the new facility. Additional staff will include Kristi Reuter, assistant vice president, branch manager and Leah Dietz, personal banker. Joy Smith and Missie Stewart will provide teller services. The phone number will be (651) 388-6001.
Alliance Bank - Red Wing will be a full-service bank offering business and personal banking services ¾ including a wide variety of deposit products, business and personal loans, sophisticated cash management services, internet banking and mortgage loans. Private banking services will also be available to those individuals with a high net worth that have unique needs. Red Wing clients will receive the same distinct service that has set Alliance Bank apart from other banks for the past 140 years.
“Opening a branch in Red Wing fits nicely with our strategic plan,” said V. Philip Reim, chief executive officer, Alliance Bank. “Red Wing is a highly desirable city for residents, businesses and Alliance Bank. We are privileged to have a team of talented and committed individuals from Red Wing working with us. Paul and the Alliance Bank - Red Wing team will play a vital role in the success of this bank. Paul’s commercial banking experience and the staff’s retail banking experience, combined with their deep roots in Red Wing, will serve our clients well.”
“I’ve known the Alliance Bank team for many years,” stated Paul Kramp. “What attracted me to work with Alliance Bank is their banking philosophy. They see their relationships with customers as equal partnerships. Both individuals and business clients are encouraged to seek advice on financial matters from an experienced and high quality staff. Alliance Bank brings the knowledge, technology and sincerity needed to deliver exceptional value. We look forward to bringing that way of banking to Red Wing.”
A temporary facility will be put in place during the construction phase. The permanent facility is expected to open late spring of 2008.
Bank relocates to the Alliance Bank Center on Fifth Street Between Minnesota & Cedar
St. Paul, MN – (Market Wire) – July 19, 2007 – Alliance Bank, a privately owned community bank with over $550 million in assets, announced today the plan to relocate its St. Paul bank to the Alliance Bank Center at 55 E. Fifth Street in St. Paul. Teller and personal banking services will be located at the street level, with private and business banking services located on the 15th floor of the Center. Clients will access drive up service and patron parking on Minnesota Street between Fifth and Sixth Streets. The move will more than double Alliance Bankï¿½s office space to 25,000 square feet.
The Alliance Bank Center (formerly known as the Fifth Street Center) was purchased last year from Security National Properties. Since the purchase, the Center has been undergoing building upgrades, and Security National is expected to invest an additional $5 million dollars in renovations over the next three years. Alliance Bank will become the anchor tenant and has naming rights to the building.
“Our lease was expiring so we evaluated options to increase our space. As a bank with a heritage spanning over 100 years in St. Paul, we were committed to remaining downtown,” said Eric Johansen, president, Alliance Bank - St. Paul. “Our new location will provide us with drive up service and client parking in the heart of downtown, which is a real benefit. It offers great accessibility for our clients and gives us the extra room we needed.”
The move is scheduled to take place on August 27th. Alliance Bank’s phone numbers and fax numbers will remain unchanged.
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 growth.”
St. Paul, MN & Eau Claire, WI - (Market Wire) - April 16, 2007 - Alliance Bank, a privately owned community bank with over $550 million in assets, announced today that Paul Kramp has been hired as a senior vice president/commercial banking for the Lake City location.
Paul comes to Alliance Bank with over 30 years of commercial and agricultural lending experience, including more than ten years of senior level experience. Paul brings strong business development and relationship-building experience. Most recently, Paul was a senior vice president at Associated Bank. Prior to that, he worked at The National Cooperative Bank and Farm Credit Services. Paul received a BS degree from South Dakota State University, and is a graduate of the Graduate School of Banking at the University of Wisconsin-Madison.
As an active member of the community, Paul serves as a member of the Red Wing School Board, a board member of ProAct, a not-for-profit organization serving people with disabilities, and serves on the loan review advisory committee for the Community Reinvestment Fund. Paul resides in Red Wing.
"We are pleased to have a banker of this caliber join our team at Alliance Bank," stated V. Philip Reim, chief executive officer, Alliance Bank. "His wealth of experience and commitment to the community are traits that are important to us as a leading community bank. Paul will be a definite asset to us as we serve the banking needs of Lake City businesses and the surrounding community."
Expanding commercial services, consumer convenience
St. Paul, MN & Eau Claire, WI - (Market Wire) - April 3, 2007 - Alliance Bank, a privately owned community bank with over $550 million in assets, announced today that it will open a full-service bank at the new Waterford development, 310 Pinnacle Way, on April 23, 2007. The mixed-use property will include office space, luxury condominiums, a senior citizen complex, galleria shops and restaurants, walking trails, and a fitness center. In addition to providing another location to their Mall Drive facility, Alliance Bank will offer expanded hours at the Alliance Waterford location. This marks the 10th Alliance Bank location in Minnesota and Wisconsin, and the 2nd location in Eau Claire.
Three new business bankers have joined Alliance Bank to help meet the growing commercial and private banking needs of the community. Justin Bauer, Denny Burkart and Deirdre Tumm will provide business customers advanced expertise in the areas of commercial lending, small business lending, cash management and private banking. All three will office at the new location.
The Waterford development is positioned along the "Miracle Mile" also known as Hastings Way, which is the main transportation route through Eau Claire. "We are excited to be part of this $90 million dollar development", stated Curt Van Auken, president of Alliance Bank, Eau Claire. "The premier location on Hastings way is well-situated for the 50,000 business owners and individuals that pass by every day, and this new village environment will make it convenient for the residents and businesses of Waterford to bank with us also. With our new location and expanded hours, knowledgeable staff and vast array of products and services, we are better positioned to serve the needs of our customers in Eau Claire’s growing community."
Merchant Capture allows business clients to deposit checks from their offices
St. Paul, MN - (Market Wire) - March 21, 2007 - Alliance Bank, a privately owned community bank with over $550 million in assets, announced today the launch of Merchant Capture services for their business clients.
Using a computer, state-of-the-art software and a multi-feed scanner, clients can scan the front and back of checks to convert them into an image replacement document (IRD), and transmit their deposits securely through the Internet. Within seconds of transmitting data and images, an email is sent back to confirm receipt of the deposit items and deposit total. Benefits include expedited funds availability and increased efficiency.
Alliance Bank clients using this new service have seen improved cash flow due to the extended deposit cut-off time for same-day processing. In addition, their businesses run more smoothly without the daily interruption of driving to the bank to make their deposits.
In a recent survey conducted jointly by the ABA Banking Journal and ABA’s Community Bankers Council, only 16% of community banks now offer this service. According to the survey, industries using merchant capture services include professionals (74%), service firms (55%), contractors (38%) and retailers and municipal governments (25% each).
"As a community bank with a heavy focus on business and private banking, we strive to offer the latest technology solutions," said V. Philip Reim, chief executive officer. "With a large number of our clients in the type of industries that benefit from Merchant Capture, Alliance Bank made it a top priority to provide this service. Our clients now have the flexibility to make deposits remotely into more than one account, and from multiple business locations. Merchant Capture is a natural extension of our current array of cash management services designed to help our clients better manage their working capital."
About Alliance Bank
Alliance Bank is a privately owned community bank with assets in excess of $550 million. Alliance Bank provides highly integrated commercial, agricultural, private and personal banking services in seven locations throughout Minnesota. Chartered in 1867, Alliance Bank delivers big bank expertise with community bank service. As a community 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.