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SEC USE ONLY
DOCUMENT SEQUENCE NO.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 144

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

ATTENTION:    Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or
   executing a sale directly with a market maker.

1(a) NAME OF ISSUER (Please type or print)	(b) IRS IDENT. NO.	(c) S.E.C. FILE NO.
Alpena Bancshares, Inc.	38-3567362	0001128227

1(d) ADDRESS OF ISSUER	STREET	CITY	STATE	ZIP CODE	(e) TELEPHONE NO.
100 S. Second Avenue					AREA CODE	NUMBER
		Alpena	MI	49707	989	356-9041

2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD	(b) IRS IDENT. NO.	(c) RELATIONSHIP TO      ISSUER	(d) ADDRESS	STREET	CITY	STATE	ZIP CODE
James I. Malaski	###-##-####	Senior Officer	100 S. Second Avenue		Alpena	MI	49707

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

3(a)	(b)		(c)	(d)
Title of the	Name and Address of Each Broker	SEC USE ONLY	Number of Shares	Aggregate
Class of	Through Whom the Securities are to be		or Other Units	Market
Securities	Offered or Each Market Maker who is	Broker-Dealer	To Be Sold	Value
To Be Sold	Acquiring the Securities	File Number	(See instr. 3(c))	(See instr. 3(d))
Common Stock, par value $1.00 per share	1st Global Capital Corp 8150 N Central Expressway Suite M 1000 Dallas TX 75206		1000	24500

(e)	(f)	(g)
Number of Shares	Approximate	Name of Each
or Other Units	Date of Sale	Securities
Outstanding	(See instr. 3(f))	Exchange
(See instr. 3(e))	(MO. DAY YR.)	(See instr. 3(g))
1657480	3/19/2004	Over-The-Counter Bulletin Board

INSTRUCTIONS:

1.	(a)	Name of issuer
	(b)	Issuer’s I.R.S. Identification Number
	(c)	Issuer’s S.E.C. file number, if any
	(d)	Issuer’s address, including zip code
	(e)	Issuer’s telephone number, including area code
2.	(a)	Name of person for whose account the securities are to be sold
	(b)	Such person’s I.R.S. identification number, if such a person is an entity
	(c)	Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
	(d)	Such person’s address, including zip code
3.	(a)	Title of the class of securities to be sold
	(b)	Name and address of each broker through whom the securities are intended to be sold
	(c)	Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
	(d)	Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
	(e)	Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
	(f)	Approximate date on which the securities are to be sold
	(g)	Name of each securities exchange, if any, on which the securities are intended to be sold

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SEC 1147 (12-03)

TABLE I — SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:

			Name of Person from
			Whom Acquired	Amount of
Title of	Date you	Nature of Acquisition	(If gift, also give	Securities	Date of
the Class	Acquired	Transaction	date donor acquired)	Acquired	Payment	Nature of Payment
Common Stock, par value $1.00 per share	6/7/1999	Shares purchased through 1996 Stock Option Plan	First Federal Savings and Loan Association of Alpena	1000	6/7/1999	Cash on acquisition date

INSTRUCTIONS:

If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

			Amount of
			Securities
Name and Address of Seller	Title of Securities Sold	Date of Sale	Sold	Gross Proceeds
James I Malaski 100 S Second Avenue Alpena MI 49707	Common Stock Par Value $1.00 per share	1/6/2004	5238	119215

REMARKS:

INSTRUCTIONS:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

3/8/2004

DATE OF NOTICE

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

/s/ James I. Malaski

(SIGNATURE)

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC 1147 (12-03) -----END PRIVACY-ENHANCED MESSAGE-----