First Niagara Financial Group, Inc. Declares Quarterly Dividend

First Niagara Financial Group, Inc. Declares Quarterly Dividend

BUFFALO, N.Y., Jan. 29, 2013 (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 February 15, 2013 to shareholders of record
on February 8, 2013. 

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,
approximately $37 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: First Niagara Contacts

         Ram Shankar
         Senior Vice President, Investor Relations
         (716) 270-8623
         News Media:
         David Lanzillo
         Senior Vice President, Corporate Communications
         (716) 819-5780
Press spacebar to pause and continue. Press esc to stop.