Alliance, NBT Bank Announce That Richard Shirtz Will Serve As Regional President

    Alliance, NBT Bank Announce That Richard Shirtz Will Serve As Regional
                                  President

PR Newswire

SYRACUSE, N.Y. and NORWICH, N.Y., Oct. 18, 2012

SYRACUSE, N.Y. and NORWICH, N.Y., Oct. 18, 2012 /PRNewswire/ --Alliance Bank
President and CEO Jack H. Webb and NBT Bank President and CEO Martin Dietrich
announced that Richard J. Shirtz will serve as Syracuse regional president for
NBT Bank following the completion of the pending merger between NBT Bancorp
Inc. and Alliance Financial Corporation.

Shirtz, who will continue to be based in Syracuse, is currently senior vice
president and manager of the commercial banking group at Alliance. He has more
than 30 years of banking experience. Prior to joining Alliance in 2009, he
served as district president and senior vice president of commercial banking
for Citizens Bank and, before that, senior vice president and relationship
team manager for KeyBank.

"Since joining our organization, Rick Shirtz has been a significant
contributor to the success of Alliance," said Webb. "I look forward to
continuing to work with him as a part of the NBT Bank team to deliver the
highly personalized and responsive community banking that has been the
hallmark of Alliance's success." As earlier announced, Webb will join NBT's
Executive Management Team as Executive Vice President, Strategic Support, and
will join the NBT Bancorp Board of Directors upon completion of the merger.

As Syracuse regional president for NBT Bank, Shirtz will have responsibility
for its commercial banking business and geographic oversight of all other area
business units. "We're pleased to have Rick Shirtz taking on this important
role," commented Dietrich. "Rick's extensive banking experience and knowledge
of Alliance customers and the Syracuse, Oswego, Oneida and Cortland markets
position him to successfully lead our efforts and build upon the strong
foundation created by Alliance Bank."

A life-long resident of Syracuse, Shirtz is actively involved in the community
and serves as a member of the Board of Directors of Home Headquarters and The
First Tee of Syracuse. He is also a member of the Syracuse Roman Catholic
Diocese Investment Committee and the CenterState CEO Partners Advisory
Committee. Shirtz holds a bachelor's degree from LeMoyne College and an MBA
from the Martin J. Whitman School of Management at Syracuse University. He
also completed graduate studies in bank management at the Stonier Graduate
School of Banking at Rutgers University in New Jersey.

NBT Bank offers personal banking, asset management and business services
through a network of 137 banking locations in 5 states. NBT Bank operates from
97 locations in upstate New York, northwestern Vermont and western
Massachusetts. NBT's Pennstar Bank division operates from 35 locations in
northeastern Pennsylvania, and its Hampshire First Bank division operates from
5 locations in southern New Hampshire. NBT Bank and its parent company, NBT
Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp Inc. had assets
of $6.0 billion as of June 30, 2012, and is traded on the NASDAQ Global Select
Market under the symbol NBTB.

Alliance Bank, N.A. offers retail, commercial and municipal banking services
and trust and investment services through 28 offices in Cortland, Madison,
Oneida, Onondaga and Oswego counties. Alliance Bank and its parent company,
Alliance Financial Corporation, are headquartered in Syracuse, N.Y. Alliance
Financial Corporation has assets of $1.4 billion as of June 30, 2012, and is
traded on the NASDAQ Global Select Market under the symbol ALNC.

Contacts: NBT Bank, N.A. Alliance Bank, N.A.
            Martin Dietrich   Jack H. Webb
            President and CEO   President and CEO
            607.337.6119    315.475.6703

SOURCE Alliance Financial Corporation

Website: http://www.alliancebankna.com