Alliance Bancorp Announces That Returns Indicate Board Nominees Were Re-elected by Substantial Margin.

HINSDALE, Ill.--(BUSINESS WIRE)--June 30, 1999--

The Annual Meeting of Stockholders of Alliance Bancorp was held on June 23, 1999 for the purpose of electing five directors and ratifying the appointment of independent auditors. The re-election of the nominees proposed by the Alliance Board was contested by LaSalle Financial Partners, a Delaware limited partnership operating out of Kalamazoo, Michigan, which nominated its own slate. Because the election was contested, a third party Inspector of Election was hired to officially validate the vote.

Final results of the election confirm the preliminary count. Nearly 8.5 million shares were voted at the Meeting, and nearly 65% of the shares were voted in favor of the re-election of the five nominees proposed by management. The appointment of auditors was uncontested and was ratified by the stockholders.

Alliance Bancorp is the holding company for Liberty Federal Bank, a community-oriented financial services company operating 20 retail banking offices in Chicago and surrounding suburbs.

The Company's common stock trades on the Nasdaq National Market tier of the Nasdaq Stock Market under the symbol: ABCL.

For more information contact:

Richard A. Hojnicki

Executive Vice President

and Chief Financial Officer

[phone]