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Company Description (as filed with the SEC)
Alliance Bancorp, Inc. of Pennsylvania ("Alliance Bancorp" or the "Company") is a federally chartered savings and loan holding company which owns 100% of the capital stock of Alliance Bank ("Bank"), which is a Pennsylvania chartered community oriented savings bank headquartered in Broomall, Pennsylvania. On January 30, 2007, the Bank completed a reorganization to a mid-tier holding company structure. In the reorganization and offering, the Company sold 1,807,339 shares of common stock at a purchase price of $10.00 per share and issued 5,417,661 shares of common stock in exchange for former outstanding shares of Alliance Bank (the "Bank"). Each share of the Bank's common stock was converted into 2.09945 shares of the Company's common stock. The offering resulted in approximately $16.5 million in net proceeds to the Company. The significant asset of the Company is the capital stock of the Bank. ... More ...