Alliance Bank & Trust Land Donation Supports Community

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Alliance Bank & Trust, a North Carolina community bank with branches in Gastonia, Shelby, and Kings Mountain, announced today that the bank will donate a parcl of property in Gaston County to a Charlotte-based church for a planned senior and community center there.

Alliance Bank & Trust, a North Carolina community bank with branches in Gastonia, Shelby, and Kings Mountain, announced today that the bank will donate a .34 acre parcel of property in Gaston County to the Charlotte-based Life Changing Church for a planned senior and community center there.

Alliance Bank & Trust President Dan Ayscue says that the property, located in a residential area, suffered neglect and foreclosure, but Ayscue says he hopes the donation will build momentum in the community and aid in the church's mission.

"Alliance has always been about commitment to the communities we serve and looking to find places where we can foster a positive impact." Ayscue said. "Rev. Wood and the Life Changing Church share those values, so we were happy that we could be part of helping them fulfill their goal of creating new community resources."

The church, led by Elder Dorothy Wood, hopes to use the property for construction of a multi-purpose facility including a senior day center.

"It's all about people. It's about letting them have a life," Wood said. "This wouldn't have happened if it weren't for Alliance Bank. I believe this is about our prayers coming to fruition because we are all about community involvement."

The property will be formally transferred in February.

Alliance Bank & Trust
Alliance Bank & Trust Company, which opened in Gastonia, North Carolina in 2004, operates four North Carolina banking offices, in Gastonia (2), Kings Mountain and Shelby. AB&T Financial Corporation is the parent company of Alliance Bank & Trust Company, which offers a full array of banking services. Additional information on Alliance Bank & Trust’s locations and the products and services offered are available at http://www.alliancebanknc.com.

Certain matters set forth in this news release may contain forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. A discussion of certain factors that may cause such forward-looking statements to differ materially from the Company’s actual results can be found in the Company’s filings with the Securities and Exchange Commission, including without limitation its annual report on Form 10-K, its quarterly reports on Form 10-Q, and its current reports on Form 8-K. The Company does not undertake a duty to update any forward-looking statements in the release.

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Roger Mobley
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