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Alliance Bankshares Appoints New President, CEO

Alliance Bankshares has appointed William Doyle as new president and CEO of the company and its subsidiary Alliance Bank. He was also appointed to the board of directors of both organizations.

Prior to assuming his interim CEO role at Alliance, Mr Doyle was most recently president, CEO and an organizing director of Monument Financial Services from 2008 through 2009. Prior to that, he served as president, CEO and an organizing director of Frontier Community Bank (in organization) in Augusta County, Virginia during 2006 and 2007.

Mr Doyle also served as president, CEO and as a director of Citizens Bancorp of Virginia and as president and a director of its subsidiary Citizens Bank & Trust Company in 2004 and 2005. He also served as president, CEO and director of Guaranty Financial and Guaranty Bank from 2001 to 2004.

Previous community bank experience included serving as senior vice president of retail banking and mortgage banking of The Middleburg Bank from 1997 to 2001. Prior to 1997, he spent 13 years with Crestar Bank in a variety of line and staff senior leadership roles involving corporate-wide responsibilities in commercial and consumer banking.

Mr Doyle said: “Alliance is a well recognized community banking company in the Northern Virginia and Metropolitan Washington, DC region and I am proud to become CEO. As we take appropriate action steps to reposition our company, sustainable shareholder value is the key objective of our long-term business plans.

“The Bank’s core clients, committed employees, and loyal shareholders all want to see Alliance return to the ranks of high performing banking companies. We have a solid foundation upon which to build and I am looking forward with great enthusiasm to delivering positive results in the future.”