LOCKPORT, N.Y., April 30 /PRNewswire-FirstCall/ -- First Niagara Financial Group, Inc. (Nasdaq: FNFG) announced that its Board of Directors has declared a quarterly dividend of fourteen cents ($0.14) per share on outstanding FNFG common stock. The dividend is payable on May 26, 2009 to stockholders of record on May 12, 2009.

First Niagara Financial Group, Inc., through its wholly owned subsidiary First Niagara Bank, has assets of $9.6 billion and deposits of $6.2 billion at March 31, 2009. First Niagara Bank is a community-oriented savings bank providing financial services to individuals, families and businesses through 113 branches and four Regional Market Centers across Upstate New York. In April 2009, the Company announced plans to add another 57 branches in Pittsburgh, Warren and Erie, Pa., additional deposits of $4.2 billion and additional loans of $839 million in an acquisition that is expected to close in September 2009. For more information, visit www.fnfg.com.

SOURCE First Niagara Financial Group, Inc.