Alliance Financial Corporation ("Alliance") held its 2012 Annual Meeting of Shareholders (the "Annual Meeting") on May 15, 2012. There were 4,784,698 shares of common stock eligible to be voted at the Annual Meeting and 4,096,373 shares were represented in person or by proxy at the meeting which constituted a quorum to conduct business.

As further detailed in Alliance's Definitive Proxy Statement on Schedule 14A (the "Proxy Statement"), which was filed with the Securities and Exchange Commission on April 6, 2012, there were two proposals submitted to Alliance's shareholders at the Annual Meeting. The shareholders approved proposals 1 and 2. The final results of voting on each of the proposals are as follows:

Proposal 1: Election of Directors

      Nominee                 Votes For       Votes Withheld       Broker Non-Vote
      Donald H. Dew            3,192,171               82,167               822,035
      Charles E. Shafer        3,042,106              232,232               822,035
      Charles H. Spaulding     3,207,989               66,349               822,035
      Deborah F. Stanley       3,193,725               80,613               822,035

Proposal 2: Ratification of the Appointment of Crowe Horwath LLP as Alliance's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2012

Votes For Votes Against Abstain Broker Non-Vote 4,041,189 41,461 13,722 -

On May 15, 2012, Alliance presented a slide show during the Annual Meeting. The slide show for the presentation is attached to this report as Exhibit 99.1.

The information in this Item 7.01 and the exhibit attached hereto will not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor will such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 as amended or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

The exhibits required by this item are set forth on the Exhibit Index attached hereto.

Exhibit
Number                                    Description

 99.1        Annual Meeting Presentation Materials dated May 15, 2012 for Alliance
             Financial Corporation.