Alliance Banking Company, Member FDIC

     April 7, 2008:  C. Gerald Martin, Chairman of the Board of Alliance Bank, announced today that                 Stephen D. Penn has been named President and Chief Executive Officer.  "We are confident that our customers, employees and shareholders will all benefit from Steve's 27 years of banking experience, commitment to service excellence and enthusiasm.  This is a superb example of our strong commitment to the citizens of Clark County by providing them the very best local talent available."

     "I am delighted to be able to serve our bank and community in this way", Penn said.  "I have people tell me every day about what they lost when all the local banks sold out.  Now they can discover that exceptional value, responsiveness and local commitment again with Alliance."

     Steve, his wife Amy and children, Allison, John and Katie have lived in Winchester for 21 years.