Alliance Financial Boosts Dividend from $0.31 to $0.32

Alliance Financial Corporation 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 October 2, 2012 to shareholders of record on September 18, 2012.  This declaration represents an increase of $0.01 per share or 3.2% from the dividend paid in the previous quarter.