Alliance Bancorp, Inc. of Pennsylvania Announces Extension of Offering

Alliance Bancorp, Inc. of Pennsylvania ALLB, the holding company for Alliance Bank, announced today that the subscription offering for the common stock of the new holding company also called "Alliance Bancorp, Inc. of Pennsylvania" in connection with the "second-step" conversion of Alliance Mutual Holding Company, the Company's mutual holding company parent, was completed on December 21, 2010. The Company also announced that the community offering of the new holding company's common stock to the general public, with preference given first to persons residing in Delaware and Chester Counties, Pennsylvania, and then to public shareholders of the Company as of November 8, 2010, has been extended, and orders may continue to be submitted in the community offering. The syndicated community offering for the new holding company's common stock is expected to commence in early January 2011.