GLENS FALLS, N.Y., Aug. 27, 2020 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced
that a 3% stock dividend was declared on August 26, 2020, and will be distributed on
September 25, 2020.
Shareholders of record on September 17,
2020, 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 contained in this news release may contain
statements that are not historical in nature but rather are based
on management's beliefs, assumptions, expectations, estimates and
projections about the future. These statements may be
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, involving a degree
of uncertainty and attendant risk. In the case of all
forward-looking statements, actual outcomes and results may differ
materially from what the statements predict or forecast, explicitly
or by implication. The Company undertakes no obligation to revise
or update these forward-looking statements to reflect the
occurrence of unanticipated events. This News Release should be
read in conjunction with the Company's Annual Report on Form 10-K
for the year ended December 31, 2019,
and our other filings with the Securities and Exchange
Commission.
View original
content:http://www.prnewswire.com/news-releases/arrow-financial-corporation-declares-stock-dividend-301119834.html
SOURCE Arrow Financial Corporation