Alliance Financial Corporation Announces Quarterly Dividend

         Alliance Financial Corporation Announces Quarterly Dividend

PR Newswire

SYRACUSE, N.Y., Nov. 27, 2012

SYRACUSE, N.Y., Nov. 27, 2012 /PRNewswire/ --Alliance Financial Corporation
(the "Company") (NasdaqGM: ALNC), the holding company for Alliance Bank, N.A.,
announced that its Board of Directors has declared a quarterly dividend of
$0.32 per common share. The dividend is payable on December 19, 2012, to
shareholders of record on December 11, 2012.

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., and
an equipment lease financing company, Alliance Leasing, Inc.

Contact: Alliance Financial Corporation
         J. Daniel Mohr, Executive Vice President and CFO (315) 475-4478

SOURCE Alliance Financial Corporation

Website: http://www.alliancebankna.com
 
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