Alliance Bancorp, Inc. of Pennsylvania. is a federally chartered company. Alliance Bank (the Bank) is a community oriented savings bank. The Bank operated a total of nine banking offices located in Delaware and Chester Counties, which are suburbs of Philadelphia, as of September 30, 2010. The Bank is primarily engaged in attracting deposits from the general public. The Bank derives its income principally from interest earned on loans, mortgage-backed securities and investments. Alliance Delaware Corporation is a wholly owned subsidiary of the Bank. As of September 30, 2010, the loan portfolio of the Bank totaled $ 288.6 million. As of September 30, 2010, the securities available for sale totaled $ 19.8 million. The securities held to maturity totaled $2.1 million as of September 30, 2010. As of September 30, 2010, the deposits totaled $ 373.8 million.