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Alliance Financial increases dividend from previous quarter

By Journal Staff


SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC) of Syracuse increased its quarterly dividend 3.2 percent to 32 cents a share.

The dividend will be payable on Oct. 2 to shareholders of record as of Sept. 18. Alliance Financial is the holding company for Alliance Bank.

The bank has 29 branches in Cortland, Madison, Oneida, Onondaga, and Oswego counties. Alliance Financial also runs an investment management administration center in Buffalo and an equipment-lease financing company.

Alliance Bank is the number four bank in the Syracuse metro area deposit market with $827.8 million in deposits and a market share of 7.9 percent, according to the latest statistics from the Federal Deposit Insurance Corp.

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