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For Immediate Release         January 18, 2007         Bala Cynwyd, PA

Allegiance Bank Honors David Broida;
        Makes $500 Donation to Upper Merion
          Adventure Day Camp

               Allegiance Bank of North America (OTC BB: ABPA) recently presented David
              Broida with a local hero award because of his efforts as Park and Recreation
            Director for Upper Merion Township on behalf of area youth. The honor was coupled
         with a $500 donation to one of Broida's favorite programs, the township's Adventure
   Day Camp.

Broida and a group of children from the camp were on hand when Allegiance Bank celebrated the opening of its new King of Prussia branch. The bank's festivities included games, refreshments, and giveaways. Former Eagle, NFL all-star, and radio personality Hugh Douglas and the WIP Sports Radio promo team were also on hand to sign autographs and help entertain.

The new branch is located at 190 E DeKalb Pike, King of Prussia, PA 19406. Its phone is 484-690-0400.

Allegiance Bank of North America is a Pennsylvania state-chartered full-service commercial bank formed in 1999, 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 through several subsidiaries. The common stock of the Company is traded on OTC Bulletin Board under the symbol ABPA.

The bank has an additional office in Old City Philadelphia, and branches in 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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