Key Developments For Alliance Bankshares Corporation
Alliance Bankshares Corporation (ABVA.O) (Consolidated Issue listed on NASDAQ Capital Market)
Alliance Bankshares Corporation Appoints William M. Drohan as Chairman
Alliance Bankshares Corporation announced the appointment of William M. Drohan as Chairman of the Board of Directors.
Alliance Bankshares Corporation Announces Expansion Of Stock Repurchase Program
Alliance Bankshares Corporation announced that the share repurchase program was expanded by an additional 250,000 shares. Total purchases under the program are limited to a total of 550,000 common shares.
Alliance Bankshares Corporation Announces Stock Repurchase Program
Alliance Bankshares Corporation announced that the Board of Directors has authorized a program to repurchase over the next twelve months up to 300,000 shares of its common stock, which represents approximately 5.4% of currently outstanding shares.
Alliance Bankshares Corporation Announces Insurance Agency Acquisition
Alliance Bankshares Corporation announced the execution of a definitive agreement for its subsidiary, Alliance Insurance Agency, Inc., to acquire certain assets and liabilities of the Thomas Agency, Inc., trading as Fredericksburg Insurance Group in a stock and cash transaction. Fredericksburg Insurance Group operates as a full service insurance agency serving the needs of businesses and families in Fredericksburg and its surrounding counties. Terms of the transaction were not disclosed.
Alliance Bankshares Corporation Announces Significant Mortgage Banking Changes
Alliance Bankshares Corporation announced a major restructuring of its mortgage banking unit, Alliance Home Funding, LLC. Today, approximately 43 employees were told of the business decision to cease operations as a stand alone mortgage banking subsidiary.
