Exhibit 21

Subsidiaries of First Niagara Financial Group, Inc.

	State or other
	jurisdiction of	Percentage of voting
	incorporation or	securities owned by First
Name of subsidiary	organization	Niagara Financial Group, Inc.
First Niagara Bank, N.A.	United States		100	%
First Niagara REIT Holding Company, Inc.	New York		100	%
First Niagara Funding, Inc.	New York		100	%
First Niagara Servicing Company	Connecticut		100	%