Angry Alliance Bankshares stockholder to raise stink - Washington Business Journal:

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a disgruntled major shareholderat , is planning to make a stinko at the company’s annual meeting Williams, who owns more than 100,000 sharea of Chantilly-based Alliance says he is “unhappy with the the board of directors, the bank’s direction and the monehy they’ve been losing” — and he wants them to know about it. Aside from his planned speech at theannuall meeting, he also plans to launcn a Web site where he will “voicd his concerns about the management of the bank,” he He says has been trying to have meaningfuo dialogue about the bank’e future, but feels that his issuees have fallen on deaf ears.
“I thinmk the country club atmospheres on the board is such thatthey haven’t been willintg to listen,” he said. When a majot shareholder “wants to convey some criticism, you’vde got to listen to the guy. They said Lew Sosnowik, an analyst with . “He had to get roug h with them.” Williams declined to pinpoint his beef with the but said he woul d discuss it at themeetinv Wednesday. Alliance Bankshares, which postede a $479,000 first quarter loss, has lost money for six straigh quarters. It lost $9 million in 2008. Sharews of Alliance Bankshares have been on a fairlgy steady decline sineOctober 2006, when they sold for Shares are now at $2.
48, a drop of 86 An Alliance representative could not be immediately reachee for comment.