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Alliance Bank Names New Vice President; John Saunders joins Reston Branch of Alliance Bank.


Business Editors

CHANTILLY, Va.--(BUSINESS WIRE)--March 23, 2004

Alliance Bankshares (Nasdaq:ABVA), announced today that John A. Saunders has joined the Bank as Vice President, Senior Loan Officer.

Mr. Saunders joins the Reston Brach of Alliance Bank from Community Bank of Northern Virginia, where he served as Manager of Real Estate Lending and Senior Real Estate Loan Officer from November 1997 to February 2004. A graduate of the University of Virginia, Mr. Saunders brings over fifteen years of diversified lending experience to Alliance. Mr. Saunders has particular expertise in corporate middle market, asset based, commercial real estate and residential AD&C lending.

"We are pleased to welcome John to Alliance," said Thomas A. Young, Jr., president and CEO of Alliance Bank. "His proven track record of performance and his diligent attention to detail are perfectly aligned with the Bank's objective of maintaining our superior loan portfolio."

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 forwarding-looking statements made herein are qualified by these cautionary statements and cautionary language in the Company's most recent report on Form 10-KSB 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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Publication:Business Wire
Date:Mar 23, 2004
Words:327
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