updated 2/14/2011 5:16:39 PM ET 2011-02-14T22:16:39

BUFFALO, N.Y., Feb. 14, 2011 (GLOBE NEWSWIRE) -- First Niagara Financial Group, Inc. (Nasdaq:FNFG) announced today that investors will have an opportunity to listen to a webcast of the Company's strategy and outlook as it presents at the Keefe, Bruyette & Woods (KBW) 2011 Boston Bank Conference at approximately 9:30 a.m. Eastern Time on Tuesday, March 1, 2011. The conference presentation will be webcast live, and can be accessed using the link http://www.kbw.com/news/conferenceBostonBank2011_Webcast.html . The presentation is also available for viewing in the presentations link within the investor relations tab of the Company's website at www.fnfg.com . The presentation will be archived for approximately 60 days following the event.

First Niagara Financial Group, Inc., through its wholly owned subsidiary, First Niagara Bank, N.A., has $21 billion in assets, 256 branches and $13 billion in deposits. First Niagara Bank, N.A. is a multi-state community-oriented bank providing financial services to individuals, families and businesses. Upon completion of its pending merger with NewAlliance Bancorp, Inc. -- subject to customary closing conditions including approvals from regulators -- First Niagara will have more than $29 billion in assets, $18 billion in deposits and 340 branches across Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more information, visit www.fnfg.com .

CONTACT: Officer Contacts
         John R. Koelmel
         President and Chief Executive Officer
         Michael W. Harrington
         Chief Financial Officer
         Anthony M. Alessi
         Investor Relations Manager
         (716) 625-7692
         tony.alessi@fnfg.com
         Leslie G. Garrity
         Public Relations and Corporate Communications Manager
         (716) 819-5921
         leslie.garrity@fnfg.com

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