Exhibit 99.1
(ALLIANCE BANK LOGO)
ALLIANCE BANK®
Discover What Better Means
For Immediate Release
         
Contacts:
  Dan Erickson   Cindy Walters
 
  Executive Vice President   Senior Vice President
 
  Chief Financial Officer   Director of Marketing
 
      and Communications
 
  (310) 258-9302   (949) 223-4910
Alliance Bancshares California Reports
2007 Operating Results
Culver City, CA (February 27, 2008) Alliance Bancshares California, (OTC BB: ABNS.OB) the holding company for Alliance Bank, reported net earnings of $4.1 million for the year ended December 31, 2007 as compared to $8.0 million for the same period in 2006. Basic and diluted earnings per share were $0.45 for the year ended December 31, 2007 as compared to $1.10 and $1.05, respectively, for the same period in 2006.
Total assets increased to $1.07 billion at December 31, 2007, up 22% from a year ago. Gross loans increased to $904.5 million, up 27% from December 31, 2006. Loan growth was primarily commercial loans and commercial real estate loans. The Company does not make subprime or traditional residential real estate loans (other than home equity lines of credit which totaled $20 million at December 31, 2007).
Curtis S. Reis, Chairman and Chief Executive Officer, stated “We have been operating in a challenging economic environment beginning in 2007. The continuing housing slump in Southern California and the nation and its uncertain future have unfavorably impacted our homebuilding borrowers and the value of their collateral. As a result, our construction loan delinquencies and non-performing assets increased during 2007 resulting in an increase in the provision for loan losses. We expect the economic environment to remain weak in 2008 with credit costs in our residential construction loan portfolio to remain at elevated levels. Despite this environment, we have seen continued growth in several of our other core businesses including commercial and industrial loans, commercial real estate loans, healthcare banking and asset based lending. We will strive to meet the needs of our good customers throughout all economic conditions. In the end, we know that California is one of the most vibrant economies in the world and it will eventually recover. In the meantime, we are taking steps to reduce our operating expenses and will control growth until we see a more favorable economic outlook.”

 


The following information was filed by Alliance Bancshares California on Wednesday, February 27, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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