December 2, 2009 (FinancialWire) — Alliance Financial Corp’s (NASDAQ: ALNC) board has declared a quarterly dividend of $0.28 per common share. The dividend is payable on January 4, 2010 to shareholders of record on December 21, 2009.

New York-based Alliance Financial is an independent financial holding company with Alliance Bank, N.A. as its principal subsidiary.

The bank provides retail and commercial banking, and investment management services through 29 offices in Cortland, Madison, Oneida, Onondaga and Oswego counties in New York.

Alliance also operates an investment management administration center in Buffalo, an equipment lease financing company, Alliance Leasing, and a multi-line insurance agency, Ladd’s Agency.

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