Alliance Bancshares California Chairman Reis Announces Fearless Predictions at Annual Shareholders Meeting.

Publication: Business Wire

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COPYRIGHT 2005 Business Wire

CULVER CITY, Calif. -- Alliance Bancshares California (OTCBB:ABNS), the bank holding company of Alliance Bank, held its Annual Shareholders Meeting on Friday, May 27, 2005, at the Radisson Hotel in Culver City. Over 75 percent of the outstanding shares were voted, overwhelmingly reelecting all directors, ratifying the selection of McGladrey & Pullen LLP as independent auditors for fiscal year 2005, and approving the Company's new equity incentive option plan. Chairman and President Curtis S. Reis comments:

1. "Once again, we had the best year in our history with earnings of $3.9MM up about 79% from $2.2MM in 2003.

2. Total Assets rose 45% to $410 million.

3. Return on Average Equity was...

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