Sept 16 (Reuters) - Accord Financial Corp ACD.TO :
* ACCORD FINANCIAL CORP. AND CONCENTRA BANK ANNOUNCE STRATEGIC ALLIANCE AND PRIVATE PLACEMENT OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES
* ACCORD FINANCIAL - FORMATION OF A STRATEGIC ALLIANCE AND A $5 MILLION PRIVATE PLACEMENT OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES
* ACCORD FINANCIAL - WILL USE NET PROCEEDS OF PRIVATE PLACEMENT OF DEBENTURES TO REPAY PORTION OF BANK INDEBTEDNESS
* ACCORD FINANCIAL CORP - STRATEGIC ALLIANCE EXPECTED TO BE FORMALIZED BY SEPTEMBER 30