Alliance Bancorp, Inc. of Pennsylvania Announces Approval of Plan of Conversion and Reorganization

Alliance Bancorp, Inc. of Pennsylvania ALLB announced today that the Plan of Conversion and Reorganization, providing for the "second-step" conversion of Alliance Mutual Holding Company, the Company's mutual holding company parent, was approved by the shareholders of the Company and the depositors of Alliance Bank at separate meetings held on December 29, 2010. Completion of the conversion also is subject to, among other things, the sale of a minimum of 2,635,000 shares of common stock of the new holding company in the offering and the receipt of final regulatory approvals.