First Niagara Financial Group, Inc. Declares Quarterly Dividend

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Thu Oct 27, 2011 4:44pm EDT 

BUFFALO, N.Y., Oct. 27, 2011 (GLOBE NEWSWIRE) -- First Niagara Financial Group,
Inc. (Nasdaq:FNFG) announced that the Company's Board of Directors declared a
quarterly dividend of sixteen cents ($0.16) per share on outstanding FNFG common
stock. The Company's dividend is payable on November 22, 2011 to stockholders of
record on November 8, 2011.

About First Niagara

First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is
a multi-state community-oriented bank that currently has more than $31 billion
in assets, $20 billion in deposits, 333 branches and 5,000 employees providing
financial services to individuals, families and businesses across Upstate New
York, Pennsylvania, Connecticut and Massachusetts. For more information, visit
www.firstniagara.com.

CONTACT: Investors:
         Ram Shankar
         Senior Vice President, Investor Relations
         (716) 270-8623
         ram.shankar@fnfg.com

         News Media:
         David Lanzillo
         Senior Vice President, Corporate Communications
         (716) 819-5780
         david.lanzillo@fnfg.com
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