SOURCE: Alliance Bank

July 19, 2007 09:00 ET

Alliance Bank Relocates Headquarters to Accommodate Growth

Bank Relocates to the Alliance Bank Center on Fifth Street Between Minnesota & Cedar

ST. PAUL, MN--(Marketwire - July 19, 2007) - Alliance Bank, a privately owned community bank with over $550 million in assets, announced today the plan to relocate its St. Paul bank to the Alliance Bank Center at 55 E. Fifth Street in St. Paul. Teller and personal banking services will be located at the street level, with private and business banking services located on the 15th floor of the Center. Clients will access drive up service and patron parking on Minnesota Street between Fifth and Sixth Streets. The move will more than double Alliance Bank's office space to 25,000 square feet.

The Alliance Bank Center (formerly known as the Fifth Street Center) was purchased last year from Security National Properties. Since the purchase, the Center has been undergoing building upgrades, and Security National is expected to invest an additional $5 million dollars in renovations over the next three years. Alliance Bank will become the anchor tenant and has naming rights to the building.

"Our lease was expiring so we evaluated options to increase our space. As a bank with a heritage spanning over 100 years in St. Paul, we were committed to remaining downtown," said Eric Johansen, president, Alliance Bank - St. Paul. "Our new location will provide us with drive up service and client parking in the heart of downtown, which is a real benefit. It offers great accessibility for our clients and gives us the extra room we needed."

The move is scheduled to take place on August 27th. Alliance Bank's phone numbers and fax numbers will remain unchanged.

About Alliance Bank

Alliance Bank is a privately owned community bank with assets in excess of $550 million. Alliance Bank provides highly integrated commercial, agricultural, private and personal banking services through ten locations in Minnesota and Wisconsin. Established in 1867, Alliance Bank delivers big bank expertise with community bank service. As a family-owned bank, Alliance Bank is committed to remaining independent and providing personal interaction and timely decision making. From basic checking and savings products, to business loans, personal loans, sophisticated cash management and online banking services, Alliance Bank offers services to help companies and individuals succeed. Visit www.alliancebanks.com or call 1-888-959-9425 to learn more.

Contact Information

  • Debra Kosch
    Vice President - Marketing
    651-229-2873