New Berwyn Branch is Allegiance Bank's
       Latest on Main Line

                Continuing its plan for strategic expansion, Allegiance Bank recently opened
                 its fifth branch - a new and impressively decorated office in Berwyn, PA.
                Located in a Lancaster Avenue shopping center, the office is designed for
              comfortable, relaxed, banking. This atmosphere resonated enough with Main Line
          Life that the newspaper awarded Allegiance's Berwyn branch the honor of "Best
      New Bank on the Main Line."

The Berwyn branch is headed by Steve Groening, Area Manager, and Susan Holmes, Assistant Manager. Their address is 564 Lancaster Avenue. Their phone number is 484-913-0240.

The new office is already open for business, but will be holding an official Grand Opening week starting May 21. Special promotional rates will be featured at that time.

Allegiance Bank is a Pennsylvania state-chartered full-service commercial bank formed in 1999 and headquartered in Bala Cynwyd, Pennsylvania. The Bank offers a sophisticated package of services beyond traditional bank services, such as escrow account management, specialty real estate lending programs, Internet banking and non-bank services including title insurance, real estate settlement services, financial planning, life and health insurance and retirement programs. The common stock of the Company is traded on the OTC Bulletin Board under the symbol ABPA.

The bank's five branches are located in Bala Cynwyd, Old City Philadelphia, King of Prussia, Worcester, and Berwyn.

For more information, contact: Allegiance Bank, One Belmont Avenue, Suite 105, Bala Cynwyd, PA 19004, (610) 949-9500, www.allegbank.com

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