[Letterhead of Alliance Bancorp]


June 7, 1999

Dear Fellow Employee,

         Enclosed  is a  copy  of a  follow-up  mailing  we are  sending  to our
shareholders  today. We believe that it is important to remind our  shareholders
that we have a very  strong  and highly  qualified  Board of  Directors  that is
working for their best  interests.  A brief  biography  of the  Board's  current
Nominees is included at the end of the attached letter for your information.

         The  mailing  of  letters  and proxy  materials  can be  confusing  and
misleading.  We are  including  another  WHITE  PROXY  CARD  with our  letter to
encourage  anyone who did not vote, or  inadvertently  voted the green proxy, to
revote on the WHITE PROXY CARD.

         Anyone who already  voted only with a WHITE PROXY CARD does not have to
vote again. Thank you for your patience and continued  support.  If you have any
questions, please contact extension 48700.

Sincerely,

/s/ Kenne P. Bristol

Kenne P. Bristol