Main Line Chamber of Commerce Names
        Allegiance Bank "2006 Small Business
          of the Year"

                At its annual awards dinner at the Desmond Great Valley Hotel in Malvern, PA,
               the Main Line Chamber of Commerce honored Allegiance Bank as its 2006 Small
             Business of the Year.

     According to C. Andrew Cook, President and CEO of Allegiance Bank, "This recognition
is the culmination of a lot of positive efforts undertaken in recent years by our employees and our late founder, Larry Isdaner. Larry really paved the way for us to dramatically broaden our horizons in 2006."

Currently, Allegiance has five branches: Bala Cynwyd, Old City, King of Prussia, Worcester, and Berwyn.

Formed in 1999, Allegiance Bank (OTC BB: ABPA) is locally owned and managed with all decision-making authority based at its Bala Cynwyd headquarters. Customers always have convenient access to an experienced and diversely qualified senior management team who will listen to their needs and respond with unique solutions. Allegiance Bank is a Pennsylvania state-chartered full-service commercial bank. 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.

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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