Alliance Bancorp of Hinsdale, Ill., a western suburb of Chicago, said its shareholders rejected a slate of dissident candidates for its board. The three candidates were nominated by La Salle Financial Partners, a large shareholder based in Kalamazoo, Mich.

La Salle had said it wanted board representation because it feared that Alliance would be sold at a "fire sale" price. Alliance, the parent of Liberty Federal Bank, had countered that it was La Salle that intended to sell the company.

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