Alliance Bank Expands Commercial Banking Practice.CHANTILLY, Va. -- Alliance Bank Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABVA) announced today that Brian Haggerty, Robert Belch belch v. To expel stomach gas noisily through the mouth; burp. and Stephen Kingsley have joined the commercial banking division of Alliance Bank, one of the Washington area's leading community banks. Michael C. O'Grady, Senior Vice President and Director of Commercial Banking for Alliance Bank said: "We are delighted to welcome these three professionals to our team. Brian, Robert and Stephen are all exceptionally well-versed in the intricacies of our marketplace and the specific needs of our existing customers - as well as the needs of our target market. Their expertise will enable Alliance to expand its profile as one of the top commercial lenders in the area." Brian Haggerty, a Senior Vice President, joins Alliance after serving as a Senior Vice President in the Technology & Government Contracting Group of SunTrust Bank. Prior to joining SunTrust in 1998, Mr. Haggerty spent approximately 9 years with Signet Bank operating in a similar capacity with their Government Contracting Group. Relevant corporate banking experience includes the structuring of financing in support of working capital growth, mergers, and acquisitions. Robert M. Belch, Jr., Vice President, comes to Alliance from Chantilly-based James Monroe Bank, where he was Vice President - Commercial Lender and Business Developer. Prior to joining James Monroe, Mr. Belch was President of RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) Consulting, an independent, privately held strategic management and technical consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that provided services to international and domestic clients such as the United States Agency for International Development The United States Agency for International Development (or USAID) is the U.S. government organization responsible for most non-military foreign aid. An independent federal agency, it receives overall foreign policy guidance from the U.S. (USAID USAID United States Agency for International Development USAID Agencia de los Estados Unidos para el Desarrollo Internacional (Spanish) ) and the World Bank. He has an extensive career background in banking and was a former Executive Vice President of Retail / Small Business banking at First American Bank First American Bank is the name of numerous banks operating separately in each state of the United States. Please refer to the individual articles for more information on each bank. for 12 years. Stephen D. Kingsley, Vice President, was previously with BB&T Corporation, where he developed and managed a multi-million portfolio of commercial loans comprised of a diverse client base that included residential builders, commercial developers, manufacturing companies, government contractors and owners of hotel, apartment and commercial properties. Both Mr. Haggerty and Belch will work out of Alliance's corporate headquarters in Chantilly, Virginia Chantilly is an unincorporated community located in western Fairfax County and southeastern Loudoun County of Northern Virginia. Recognized by the U.S. Census Bureau as a census designated place (CDP), the community population was 41,041 as of the 2000 census. . Mr. Kingsley will establish Alliance's presence in the Fredericksburg, Virginia Fredericksburg is an independent city in the U.S. Commonwealth of Virginia, 50 miles south of Washington, D.C., and 55 miles north of Richmond, Virginia. As of the 2000 census, the city had a population of 19,279. market. Alliance Bankshares Corporation is a locally managed community banking organization based in Northern Virginia. The independent status of the organization allows the bank's management to create, implement and maintain banking services with a level of flexibility, creativity and discretion that is not possible with larger institutions. Some of the matters discussed herein may include forward-looking statements. These forward-looking statements may include statements regarding profitability and financial and other goals. These statements are based on certain assumptions and analyses by the Company and other factors it believes are appropriate in the circumstances. However, the Company's expectations are subject to a number of risks and uncertainties and other factors that could cause actual results, events and developments to differ materially from those contemplated by any forward-looking statements herein. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and cautionary language in the Company's most recent report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other documents filed with the Securities and Exchange Commission. More information on Alliance Bankshares Corporation can be found online at www.alliancebankva.com, or by phoning an Alliance office. |
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