Alliance Bankshares Corporation (Bankshares) is a bank holding company. It conducts its primary operations through its subsidiaries. Its banking subsidiary, Alliance Bank Corporation (the Bank) is a state-chartered in Virginia and is a member of the Federal Reserve System. In addition to the Bank, Bankshares has another subsidiary Alliance Virginia Capital Trust I (Trust). The Bank is a state-chartered commercial bank. The Bank has six full service banking facilities. The Bank conducts its business via three business lines: Commercial Banking, Private Client Services and Retail Banking. The Bank uses the Internet to offer online account access, bill payment and commercial cash management. In addition, certain loan and deposit products may be offered from time to time on its Website, as well as at its numerous physical locations. In January 2010, the Company announced the sale of its insurance agency subsidiary.
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