Alliance Financial Corporation Announces Quarterly Dividend

SYRACUSE, N.Y., Aug. 31 /PRNewswire-FirstCall/ -- Alliance Financial Corporation (the "Company") (Nasdaq: ALNC), the holding company for Alliance Bank, N.A., announced that its Board of Directors has declared a quarterly dividend of $0.30 per common share.  This declaration represents an increase of $0.02 per share or 7.1% from the dividend paid in the previous quarter.  The dividend is payable on October 1, 2010 to shareholders of record on September 17, 2010.  

Alliance Financial Corporation is an independent financial holding company with Alliance Bank, N.A. as its principal subsidiary that provides retail and commercial banking, and investment management services through 29 offices in Cortland, Madison, Oneida, Onondaga and Oswego counties.  Alliance also operates an investment management administration center in Buffalo, N.Y., an equipment lease financing company, Alliance Leasing, Inc., and a multi-line insurance agency, Ladd's Agency, Inc.  

SOURCE Alliance Financial Corporation