Alliance Bancorp, Inc. of Pennsylvania is a savings and loan holding company. Alliance Bank (Bank), a Pennsylvania chartered community oriented savings bank, is a wholly owned subsidiary of the Company. The Bank's primary business consists of attracting deposits from the general public and using those funds, together with funds it borrows, to originate loans to its customers and invest in securities, such as the United States Government and agency securities, mortgage-backed securities and municipal obligations. The Bank operates approximately eight banking offices located in Delaware and Chester Counties, Pennsylvania. The Company's loan portfolio includes real estate loans, commercial business loans and consumer loans. Its deposit products include deposit instruments, including NOW accounts, money market accounts, regular savings accounts and term certificate accounts.