SOURCE: Alliance Bank

November 27, 2007 06:00 ET

Alliance Bank to Open a New Branch in Red Wing

ST. PAUL, MN--(Marketwire - November 27, 2007) - Alliance Bank, a privately owned community bank with over $580 million in assets, announced today the plan to open a new bank at 840 Technology Drive, Red Wing, MN. The bank is scheduled to open on December 17, 2007. Paul E. Kramp will serve as the president of the new facility. Additional staff will include Kristi Reuter, assistant vice president, branch manager and Leah Dietz, personal banker. Joy Smith and Missie Stewart will provide teller services. The phone number will be (651) 388-6001.

Alliance Bank - Red Wing will be a full-service bank offering business and personal banking services -- including a wide variety of deposit products, business and personal loans, sophisticated cash management services, internet banking and mortgage loans. Private banking services will also be available to those individuals with a high net worth that have unique needs. Red Wing clients will receive the same distinct service that has set Alliance Bank apart from other banks for the past 140 years.

"Opening a branch in Red Wing fits nicely with our strategic plan," said V. Philip Reim, chief executive officer, Alliance Bank. "Red Wing is a highly desirable city for residents, businesses and Alliance Bank. We are privileged to have a team of talented and committed individuals from Red Wing working with us. Paul and the Alliance Bank - Red Wing team will play a vital role in the success of this bank. Paul's commercial banking experience and the staff's retail banking experience, combined with their deep roots in Red Wing, will serve our clients well."

"I've known the Alliance Bank team for many years," stated Paul Kramp. "What attracted me to work with Alliance Bank is their banking philosophy. They see their relationships with customers as equal partnerships. Both individuals and business clients are encouraged to seek advice on financial matters from an experienced and high quality staff. Alliance Bank brings the knowledge, technology and sincerity needed to deliver exceptional value. We look forward to bringing that way of banking to Red Wing."

A temporary facility will be put in place during the construction phase. The permanent facility is expected to open late spring of 2008.

About Alliance Bank

Alliance Bank is a privately owned community bank with assets in excess of $580 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