First Niagara Financial Group, Inc. Declares Quarterly Dividend

First Niagara Financial Group, Inc. Declares Quarterly Dividend

BUFFALO, N.Y., Oct. 23, 2012 (GLOBE NEWSWIRE) -- First Niagara Financial
Group, Inc. (Nasdaq:FNFG) announced that the Company's Board of Directors
declared a quarterly dividend of eight cents ($0.08) per share on outstanding
FNFG common stock.

The Company's Board of Directors also declared a quarterly preferred stock
dividend of $0.539063 per share on its fixed-to-floating rate perpetual
non-cumulative preferred stock, Series B.

Both dividends will be payable on November 15, 2012 to shareholders of record
on November 2, 2012. 

About First Niagara

First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A.,
is a multi-state community-oriented bank with approximately 430 branches, $36
billion in assets, $28 billion in deposits, and approximately 6,000 employees
providing financial services to individuals, families and businesses across
Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more
information, visit

CONTACT: Investors:
         Ram Shankar
         Senior Vice President, Investor Relations
         (716) 270-8623
         News Media:
         David Lanzillo
         Senior Vice President, Corporate Communications
         (716) 819-5780
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