ARROW FINANCIAL CORP 8K

Arrow Financial Corporation and Adirondack Bancorp, Inc. received OCC approval for their planned merger, which is expected to close around July 1, 2026, pending remaining approvals and conditions.

Arrow Financial Corporation and Adirondack Bancorp, Inc. announced that the Office of the Comptroller of the Currency has approved their previously announced merger, clearing a key regulatory hurdle for the combination of Arrow Bank National Association and Adirondack Bank. The companies expect to close the transaction on or around July 1, 2026, subject to Adirondack shareholder approval, remaining approvals or waivers from the New York State Department of Financial Services and the Federal Reserve Bank of New York, and other customary closing conditions. Following completion of the transaction and systems integration in the fourth quarter of 2026, the combined institution will operate under the Arrow brand with projected balances of approximately $5.4 billion in total assets, $4.8 billion in total deposits, and $4.1 billion in gross loans, and will extend Arrow’s geographic footprint further into the Adirondack region and the Mohawk Valley, including Oneida, Herkimer, and Franklin counties while strengthening its presence in Essex and Clinton counties.

Filing Facts

CIK

717538

Ticker

-

Form

8K

Source Type

sec

Accession

0000717538-26-000070

Alert Tier

8