Alliance Bancorp Announces Stock Repurchase Program.HINSDALE, Ill.--(BUSINESS WIRE)--Feb. 2, 1999--Alliance Bancorp (Nasdaq:ABCL ABCL American Birth Control League ABCL As Built Configuration List ABCL Amitabh Bachhan Corporation Limited ), the holding company for Liberty Federal Bank, today announced that its Board of Directors has approved a stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. under which the Company is authorized to repurchase up to 1,146,000 shares of its outstanding common stock. The shares to be repurchased represent approximately 10 percent of the Company's outstanding shares of common stock. The purchases will be made from time to time in open market and privately negotiated transactions. Alliance Bancorp's total assets were $2.0 billion at December 31, 1998. Stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. was $185.9 million, resulting in a book value of $16.22 per share for the 11,463,881 shares outstanding at December 31, 1998. The Company's common stock trades on the Nasdaq National Market tier of the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol: ABCL. |
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