Rodney C. Dimock Elected to Board of Directors for Alliance Bancorp of New England, Inc. and Tolland Bank

Apr 24, 2001, 01:00 ET from Alliance Bancorp of New England, Inc.

    VERNON, Conn., April 24 /PRNewswire Interactive News Release/ -- Rodney C.
 Dimock has been elected to the Board of Directors of Alliance Bancorp of New
 England, Inc. and Tolland Bank.  Currently a Principal in Arrow Capital, a
 private investment, property development, and consulting services company, Mr.
 Dimock fills the unexpired term of Mark L. Summers, Vice President and co-
 founder of CNC Software Incorporated, who resigned due to the demands of his
 own business, which has made it difficult for him to devote time to Alliance
 Bancorp and Tolland Bank.
     Joseph H. Rossi, President and CEO, said "We accept Mark's resignation
 with regret, and we sincerely appreciate his contribution to our Board over
 the past 2-1/2 years.  We wish Mark the best in his own business and
 personally. We are very pleased to have someone with Rod's expertise join us
 and are delighted that Rod's new business pursuit has brought him back to the
 Hartford area, and that he is available to rejoin our Board.  A native of
 Ellington, Connecticut, Rod has strong ties to our local community, and
 previously served on the Tolland Bank Board of Directors from 1980 to 1996."
     Mr. Dimock had a 23 year career at Aetna Life and Casualty Company, where
 he held various real estate investment positions culminating in several years
 as President of Aetna Realty Investors, Inc., which was one of the country's
 largest real estate investment management advisors.
     Following his Aetna career, Mr. Dimock held various positions, including
 President, COO and Director, at Cornerstone Properties Inc. (NYSE:   CPP), a
 $4.5 billion real estate investment trust (REIT), which owned and operated
 major office buildings throughout the U.S.
     Mr. Dimock is a graduate of Williams College, where he received a degree
 in Economics.  He has also served on industry association and non-profit
 Boards, including the National Association of Real Estate Investment Managers
 (NAREIM), the Building Owners and Managers Association International (BOMA),
 the Real Estate Clearinghouse, Child and Family Services of Connecticut, and
 Rockville General Hospital.
 
     Alliance Bancorp of New England, Inc. (Amex:   ANE) is the holding company
 for Tolland Bank, a Connecticut-chartered savings bank with nine offices
 serving the market in central and eastern Connecticut.
 (http://www.alliancebancorp.com and http://www.tollandbank.com)
 
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SOURCE Alliance Bancorp of New England, Inc.
    VERNON, Conn., April 24 /PRNewswire Interactive News Release/ -- Rodney C.
 Dimock has been elected to the Board of Directors of Alliance Bancorp of New
 England, Inc. and Tolland Bank.  Currently a Principal in Arrow Capital, a
 private investment, property development, and consulting services company, Mr.
 Dimock fills the unexpired term of Mark L. Summers, Vice President and co-
 founder of CNC Software Incorporated, who resigned due to the demands of his
 own business, which has made it difficult for him to devote time to Alliance
 Bancorp and Tolland Bank.
     Joseph H. Rossi, President and CEO, said "We accept Mark's resignation
 with regret, and we sincerely appreciate his contribution to our Board over
 the past 2-1/2 years.  We wish Mark the best in his own business and
 personally. We are very pleased to have someone with Rod's expertise join us
 and are delighted that Rod's new business pursuit has brought him back to the
 Hartford area, and that he is available to rejoin our Board.  A native of
 Ellington, Connecticut, Rod has strong ties to our local community, and
 previously served on the Tolland Bank Board of Directors from 1980 to 1996."
     Mr. Dimock had a 23 year career at Aetna Life and Casualty Company, where
 he held various real estate investment positions culminating in several years
 as President of Aetna Realty Investors, Inc., which was one of the country's
 largest real estate investment management advisors.
     Following his Aetna career, Mr. Dimock held various positions, including
 President, COO and Director, at Cornerstone Properties Inc. (NYSE:   CPP), a
 $4.5 billion real estate investment trust (REIT), which owned and operated
 major office buildings throughout the U.S.
     Mr. Dimock is a graduate of Williams College, where he received a degree
 in Economics.  He has also served on industry association and non-profit
 Boards, including the National Association of Real Estate Investment Managers
 (NAREIM), the Building Owners and Managers Association International (BOMA),
 the Real Estate Clearinghouse, Child and Family Services of Connecticut, and
 Rockville General Hospital.
 
     Alliance Bancorp of New England, Inc. (Amex:   ANE) is the holding company
 for Tolland Bank, a Connecticut-chartered savings bank with nine offices
 serving the market in central and eastern Connecticut.
 (http://www.alliancebancorp.com and http://www.tollandbank.com)
 
                           MAKE YOUR OPINION COUNT --
          Click Here http://tbutton.prnewswire.com/prn/11690X12411031
 
 SOURCE  Alliance Bancorp of New England, Inc.