Alliance Bank Offers $50 Million FDIC Insurance Coverage through CDARS®

St. Paul, MN – (Market Wire) – September 23, 2008 – Alliance Bank, a privately owned community bank with over $600 million in assets, announced today the launch of an advertising campaign to promote its multi-million dollar insurance service for Certificate of Deposit investors. This service, offered through Certificate of Deposit Account Registry Services®, (CDARS®), allows individuals and businesses the security of FDIC insurance of up to $50 million, with just one banking relationship at Alliance Bank.

Currently, less than 25% of banks in Minnesota and less than 30% of banks in Wisconsin offer this service. Alliance Bank joined the network back in 2003 when CDARS was first developed. With recent news about banks failures, Alliance Bank has seen an increase in demand for this service.

“Alliance Bank joined the CDARS program when it was initially developed to fulfill a niche for some of our larger depositors,” said Erick Reim, vice president. “During this current challenging financial environment, having additional FDIC coverage is comforting to large investors, such as retirees, business owners, nonprofits and public funds organizations. As an innovative community bank, we’re proud to be able to offer this service.”

CDARS works by using a sophisticated computer network, placing clients’ funds among other FDIC insured banks. This allows customers to manage all of their funds through one portfolio at Alliance Bank. Clients benefit from the simplicity of working with just one bank, and receiving just one statement and one 1099. It also eliminates the need for private insurance or collateralization.

“In contrast to the recent news about other banks failing, Alliance Bank is financially sound and has not been involved with the sub-prime mortgage business or other risky investments,” stated V. Philip Reim, chief executive officer. “Given the recent news, however, even the most experienced investors may begin to evaluate options for spreading their money to more than one financial institution to ensure safety. Through the CDARS program, clients have the convenience that comes with a single banking relationship, and the security of FDIC insurance coverage for up to $50 million.”

For more information on CDARS, contact Erick Reim at (651) 228-2386.

ALLIANCE BANK CELEBRATES GRAND OPENING OF NEW BUILDING IN RED WING

St. Paul, MN – (Market Wire) – June 5, 2008 – Alliance Bank, a privately owned community bank with over $600 million in assets, announced today the opening of the new Red Wing facility at 840 Technology Drive, Red Wing, MN 55066. Alliance Bank will host a 3-day community event to celebrate the occasion.

  • On Wednesday, June 25th, seniors are invited to stop by for cake and coffee and enter drawings for free gift certificates to local area restaurants.

  • Thursday, June 26th will be Kids’ Day. Children can participate in a coloring contest and drawings for savings bonds. Cookies and lemonade will be served.

  • On Friday, June 27th Alliance Bank will provide a delicious outdoor barbecue for the community from 11 a.m. to 2 p.m. Drawings will be held for summer giveaways.

“I’m pleased to announce that the Red Wing community has been very receptive to Alliance Bank while we were operating out of the temporary facility,” stated Paul Kramp, president of Alliance Bank - Red Wing. “We’re excited to be able to celebrate the opening of our permanent space. It’s an opportunity for friends and neighbors to get together, meet our staff, and see the new facility. I invite everyone to come out and join in the fun.”

The new 5000 square foot building was designed to blend in with the natural Red Wing environment. The comfortable lobby features a fireplace, flat screen TV, and large windows with beautiful views overlooking the River Valley. The bank includes three teller stations and a drive-up. A drive-up ATM will be added in the near future.

Hours for the new bank are 8:30 a.m. to 4:30 p.m. Monday through Friday and 8:30 to noon on Saturday. Drive-up hours will be 8:00 a.m. to 5:30 p.m. Monday through Friday and 8:30 a.m. to noon on Saturday. The phone number is (651) 388-6001.

ALLIANCE BANK WINS BEST IN REAL ESTATE AWARD

Creative thinking and community impact led to judges’ decision

St. Paul, MN – (Market Wire) – May 1, 2008 –Alliance Bank, a privately owned community bank with over $600 million in assets, announced that they were awarded the Best in Real Estate for “Redevelopment/Extensive Renovation – Small, Office/Industrial” by the Minneapolis/St. Paul Business Journal. The award follows an extensive remodel project that was necessary when securing new space to relocate bank headquarters in downtown St. Paul.

“Alliance Bank had a St. Paul heritage spanning over 100 years, stated Eric Johansen, president Alliance Bank. Remaining in St. Paul was a major consideration when selecting new space.”

Working with Security National Properties, owner of the new building, to improve the property in order to help revitalize downtown St. Paul, was a significant factor in the judges decision. At the time of signing the lease, the tenant rate was at 55%. Now, with building improvements as a result of being the anchor tenant of the Alliance Bank Center, the rate has increased to 75%.

Another factor in the judges’ decision was the creative use of space. 20 Below Studio, the design architect, helped create a modern look while incorporating existing building elements such as converting the old bank vault into a conference room with safe-deposit boxes as wall décor. Reconfiguring the old drive-up to allow for client parking was another unique feature that was important in the decision to secure the space. The move doubled the size of office space, with retail banking on the first floor and business and private banking on the 15th floor. The final result was a contemporary design that included client amenities and community spaces with room for future growth.

Mike Sullivan, interior designer with 20 Below Studio, stated, “Everyone from Alliance Bank on the planning committee did a great job steering us in the direction that led to the new space. It was a remarkable team effort.”

On April 10th, Alliance Bank also received recognition at the 2008 International Interior Design Association (IIDA) Northland Chapter's FAB Awards as the Best Small Commercial design project.


ALLIANCE BANK’S INVESTMENT ADVISORS INDUCTED IN TO PRESTIGIOUS EAGLE’S CIRCLE

St. Paul, MN – (Marketwire) –April 22, 2008 – Alliance Bank, a privately owned community bank with over $600 million in assets, announced today that all of the eligible investment representatives of Alliance Financial Services Investment and Retirement Advisors were admitted in to the prestigious Eagle’s Circle. This reward is recognized by Woodbury Financial Services for exceptional performance in the financial services profession for 2007.Erick Reim, serving the Twin Cities, MN region, has over 15 years of experience in the financial services industry, including seven years with Alliance Financial Services Investment and Retirement Advisors. Erick holds a Series 7 and Series 63 license and has an Investment Advisor Representative (IAR) designation.

Kurt Hanke, serving Eau Claire, WI, has over seven years of experience in the financial services industry, with three years at Alliance Financial Services Investment and Retirement Advisors. Kurt holds a Series 6, 63, 66, Series 7 license and has an IAR designation.

Dan Beranek, serving New Ulm, MN and the surrounding area, has been working in the financial services industry for 19 years, including 15 years with Alliance Financial Services Investment and Retirement Advisors. Dan holds a Series 7 and Series 63 license and has a Certified Financial Planner (CFP) designation.

“What differentiates an Eagle’s Circle member from other financial professionals,” said Walter White, President of Woodbury Financial Services, “is the energy and devotion with which they work to help meet the financial goals of their clients.”

The Eagle’s Circle reward and recognition program is designed to honor those financial representatives who push their performance above the expected into the exceptional. The distinction can only be achieved by approximately the top 30% of Woodbury Financial representatives.

“This induction is one measure of the level of commitment our investment advisors provide to our clients,” stated V. Philip Reim, chief executive officer. “We applaud their continued effort to provide the highest level of service possible to help our clients achieve their financial goals.”

Alliance Financial Services Investment and Retirement Advisors offers services in five Alliance Bank locations serving the Twin Cities, Eau Claire, Lake City, Red Wing, New Ulm, and the surrounding communities.

ALLIANCE BANK NOW OFFERS INVESTMENT ADVISORY SERVICES IN LAKE CITY AND RED WING

Ronald F. Dahling hired as Financial Advisor for both locations

St. Paul, MN – (Marketwire) – February 20, 2008 – Alliance Bank, a privately owned community bank with over $600 million in assets, announced today the addition of investment advisory services in Red Wing and Lake City, MN. Ronald F. Dahling has been hired by Alliance Financial Services Investment and Retirement Advisors to serve clients in those locations.

“Offering investment advisory services at Alliance Bank in Lake City and Red Wing will make it easier for our clients to experience a complete range of financial products and services in one setting,” stated V. Philip Reim, chief executive officer, Alliance Bank. “We carefully selected Dahling to handle investments for these regions. Dahling’s extensive experience, commitment to volunteerism, and lifelong residency in Lake City are key attributes that will lead to his success in this role. We’re excited that he joined our team. He will be a tremendous asset to Alliance Bank and the community.”

Dahling brings with him over 18 years of experience as a financial representative for Thrivent Financial for Lutherans. In this capacity, Dahling provided investment and retirement services to both individuals and businesses. As a community leader, his past volunteer experience includes serving on the Lake City Planning Commission and Lake City Board of Adjustments. He also served on the Board of Elders and the Finance Committee at St John's Lutheran Church in Lake City. Currently, Dahling serves as a member of the Lake City Marina Board. Dahling holds a BA Degree in Business Administration from Winona State University.

Alliance Financial Services Investment and Retirement Advisors offers services in five Alliance Bank locations serving the Twin Cities, Eau Claire, Lake City, Red Wing, New Ulm, and the surrounding communities.

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.