Duehring Names President-CEO of Alliance Bancorp

Lisa Duehring has been named president and chief executive officer of Brisbane, Calif.-base dalliance Bancorp, a national conduit, wholesale lender and securitizer of residential mortgage products.Ms. Duehring has been president of Alliance Bancorp since January 1, 2006 and has more than 20 years of experience in the mortgage industry. She succeeds Mehrdad Elie who retired as CEO on June 1. Mr. Elie, who co-founded Alliance Bancorp in the 1980s, has served as the company's CEO for the past eighteen years. "Mehrdad Elie is an extraordinary leader. His vision, boldness and tireless commitment has helped transform the mortgage industry and has made Alliance Bancorp what it is today -- a strong, stable provider of Alt A products, featuring a variety of guidelines to meet today's market needs," said Ms. Duehring. Mr. Elie will continue in his role as a member of the Alliance Bancorp Board of Directors. "I have great confidence in handing over the reins to Lisa," he said. "Her talent, character and dedication will allow for a seamless transition and her vision will set the stage for a strong and exciting future for the company."