ST. PAUL, MN--(Marketwire - February 20, 2008) - Alliance Bank, a privately owned community bank with over $600 million in assets, announced today the addition of investment advisory services in Red Wing and Lake City, MN. Ronald F. Dahling has been hired by Alliance Financial Services Investment and Retirement Advisors to serve clients in those locations.

"Offering investment advisory services at Alliance Bank in Lake City and Red Wing will make it easier for our clients to experience a complete range of financial products and services in one setting," stated V. Philip Reim, chief executive officer, Alliance Bank. "We carefully selected Dahling to handle investments for these regions. Dahling's extensive experience, commitment to volunteerism, and lifelong residency in Lake City are key attributes that will lead to his success in this role. We're excited that he joined our team. He will be a tremendous asset to Alliance Bank and the community."

Dahling brings with him over 18 years of experience as a financial representative for Thrivent Financial for Lutherans. In this capacity, Dahling provided investment and retirement services to both individuals and businesses. As a community leader, his past volunteer experience includes serving on the Lake City Planning Commission and Lake City Board of Adjustments. He also served on the Board of Elders and the Finance Committee at St John's Lutheran Church in Lake City. Currently, Dahling serves as a member of the Lake City Marina Board. Dahling holds a BA Degree in Business Administration from Winona State University.

Alliance Financial Services Investment and Retirement Advisors offers services in five Alliance Bank locations serving the Twin Cities, Eau Claire, Lake City, Red Wing, New Ulm, and the surrounding communities.

About Alliance Bank

Alliance Bank is a privately owned community bank with assets in excess of $600 million. Alliance Bank provides highly integrated commercial, agricultural, private and personal banking services through 11 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 or call 1-888-959-9425 to learn more.

About Alliance Financial Services Investment and Retirement Advisors

Alliance Financial Investment & Retirement Advisors is a full-service brokerage with an entire spectrum of high quality products and services. Alliance Financial offers retirement plans and insurance for both businesses and individuals, and investments and financial planning for individuals. For nearly 25 years, Alliance Financial has been helping clients by listening to their unique needs and developing solutions to meet their financial objectives. Alliance Financial Investment and Retirement Advisors is conveniently located inside Alliance Bank -- serving the Twin Cities, Eau Claire, Lake City, New Ulm and Red Wing.

The financial consultants of Alliance Financial Services and Retirement Advisors are registered representatives with, and Securities and Investment Advisory Services are offered through Woodbury Financial Services, Inc. Member FINRA & SIPC and Registered Investment Advisors. Not FDIC Insured • Not Bank Deposit • May Lose Value.

Contact Information: Contact: Debra Kosch Vice President -- Marketing 651-229-2873