GLENS
FALLS, N.Y. , Aug. 31,
2023 /PRNewswire/ -- The Board of Directors of Arrow
Financial Corporation (NasdaqGS® - AROW) on August 30, 2023, declared a 3% stock dividend,
which will be distributed on September 26,
2023.
Shareholders of record on September 20,
2023, will receive three additional shares of Arrow Common
Stock for every 100 shares owned. Certificate shareholders will
receive the cash equivalent of any fractional shares to which they
are entitled.
Arrow Financial Corporation (NasdaqGS® - AROW) is a multi-bank
holding company headquartered in Glens
Falls, New York, serving the financial needs of northeastern
New York. The Company is the
parent of Glens Falls National Bank and Trust Company and Saratoga
National Bank and Trust Company. Other subsidiaries include North
Country Investment Advisers, Inc., and Upstate Agency, LLC,
specializing in property and casualty insurance and group health
and employee benefits.
The information in this document may contain statements based on
management's beliefs, assumptions, expectations, estimates and
projections about the future. Such "forward-looking statements," as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended, involve a degree of uncertainty and attendant risk. Actual
outcomes and results may differ, explicitly or by implication. We
are not obliged to revise or update these statements to reflect
unanticipated events. This document should be read in conjunction
with Arrow's Annual Report on Form 10-K for the year ended
December 31, 2022 and other filings
with the Securities and Exchange Commission.
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SOURCE Arrow Financial Corporation