Alliance Financial Corporation (Nasdaq:ALNC) announced that its Board of Directors has declared a quarterly dividend of $0.31 per common share. The dividend is payable on October 3, 2011 to shareholders of record on September 19, 2011.

Alliance Financial Corporation operates as the bank holding company for Alliance Bank, N.A., which provides various financial products and services to commercial, retail, government, and investment management customers in New York.

To read more: http://drstockpick.com/?p=21899