8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 14, 2011

Alliance Bancorp, Inc. of Pennsylvania
(Exact name of registrant as specified in its charter)
Pennsylvania	000-54246		90-0606221
(State or other jurisdiction	(Commission File Number)		(IRS Employer
of incorporation)			Identification No.)
541 Lawrence Road, Broomall, Pennsylvania				19008
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (610) 353-2900

Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01                      Other Events

On December 14, 2011, Alliance Bancorp, Inc. of Pennsylvania (“Alliance”) announced that its Board of Directors approved a stock repurchase plan of up to 10% of its outstanding shares, or 547,433 shares of common stock.  The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period.  Repurchases are expected to commence on January 18, 2012, the one-year anniversary of the consummation of the Company’s second step conversion.

A copy of the Company’s press release, dated December 14, 2011, is included as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

ITEM 9.01	Financial Statements and Exhibits
(a)	Not applicable.
(b)	Not applicable.
(c)	Not applicable.
(d)	Exhibits

The following exhibit is filed herewith.

Exhibit Number	Description
99.1	Press Release, dated December 14, 2011

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ALLIANCE BANCORP, INC. OF PENNSYLVANIA
Date:  December 14, 2011	By:	/s/Peter J. Meier
		Peter J. Meier
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE Contact: Peter J. Meier, CFO Phone:  (610) 359-6903 Fax:  (610) 359-6908  

ALLIANCE BANCORP, INC OF PENNSYLVANIA

ANNOUNCES STOCK REPURCHASE PROGRAM

________________________

Broomall, Pennsylvania – December 14, 2011 – Alliance Bancorp, Inc. of Pennsylvania (the “Company”) (NASDAQ Global Market: ALLB), the holding company for Alliance Bank, announced today that its Board of Directors approved a stock repurchase program of up to 10% of its outstanding shares, or 547,433 shares of common stock.  The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period.  Repurchases are expected to commence on January 18, 2012, the one-year anniversary of the consummation of the Company’s second step conversion.

Dennis D. Cirucci, President and Chief Executive Officer of the Company, stated "We are pleased to announce our share repurchase program, which reflects our continuing commitment to manage our capital prudently and in a manner which should enhance shareholder value."  Mr. Cirucci further stated “The Company has purchased 74,500 shares under our previously announced program to fund our 2011 Recognition and Retention Plan and we will continue to repurchase shares until we purchase the remaining 144,477 shares to fully fund the plan.”

Alliance Bancorp, Inc. of Pennsylvania is the holding company for Alliance Bank, a Pennsylvania chartered, FDIC-insured savings bank headquartered in Broomall, Pennsylvania.  Alliance Bank operates nine full-service branch offices located in Delaware and Chester Counties, Pennsylvania.

This news release contains forward-looking statements.  Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.  They often include the words “believe,” “expect,” “anticipate,” “intend’” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties.  A number of factors – many of which are beyond the Company’s control – could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.  The Company’s reports filed from time-to-time with the Securities and Exchange Commission describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality and interest rate risks associated with the Company’s business and operations.  Forward-looking statements speak only as of the date they are made.  The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.