ARROW FINANCIAL CORP (AROW) — Current Report

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Filed: 2026-02-26
  • Arrow Financial Corporation is acquiring Adirondack Bancorp, Inc. in an all-stock and cash transaction, with Adirondack shareholders receiving 1.8610 shares of Arrow common stock and $18.72 per share.
  • The merger is expected to be a tax-free reorganization under Section 368(a) of the Internal Revenue Code, and the combined company will have a more diversified geographic footprint and product offering.
  • Adirondack's President and CEO Rocco Arcuri, Sr. will be appointed to the boards of directors of Arrow and Arrow Bank, and will also serve as Regional President at the effective time of the merger.

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