GLENS FALLS, N.Y., Aug. 30, 2017 /PRNewswire/ -- Thomas J.
Murphy, President and CEO, announced that a 3% stock dividend was
declared on August 30, 2017, and will
be distributed on September 28,
2017.
Shareholders of record on September 20,
2017, will receive three additional shares of Arrow Common
Stock for every 100 shares owned. They will also receive the cash
equivalent of any fractional shares which they are entitled, since
no partial shares will be issued.
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.; two property and casualty
insurance agencies: McPhillips Insurance Agency, which is a
division of Glens Falls National Insurance Agencies, LLC, and
Upstate Agency, LLC; and Capital Financial Group, Inc., an
insurance agency specializing in the sale and servicing of group
health plans.
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SOURCE Arrow Financial Corporation