ARROW FINANCIAL CORP 8-K

What Happened Arrow Financial Corporation (AROW) filed an 8-K (Item 8.01) confirming its planned merger with Adirondack Bancorp, Inc. Under the Agreement and Plan of Merger, Adirondack will merge into Arrow, and Adirondack Bank will merge into Arrow Bank (Arrow Bank to be the surviving bank). Adirondack stockholders approved the merger at a special meeting on June 9, 2026. Key regulatory approvals include the New York State Department of Financial Services (issued June 10, 2026), and the Office of the Comptroller of the Currency (announced June 1, 2026); Arrow also received a waiver from filing an application with the Federal Reserve Bank of New York. The parties expect the transaction to close on July 1, 2026, subject to customary closing conditions.

Key Details

• Merger parties: Arrow Financial Corporation (surviving corporation) and Adirondack Bancorp, Inc.; Merger Sub is Arrow Merger Sub, Inc.
• Bank merger: Adirondack Bank will merge into Arrow Bank (Arrow Bank surviving).
• Stockholder approval: Adirondack stockholders approved the merger on June 9, 2026.
• Regulatory approvals: OCC approved June 1, 2026; NY DFS approved June 10, 2026; waiver received from the Federal Reserve Bank of New York.
• Anticipated closing date: July 1, 2026, pending customary closing conditions.

Why It Matters This is a definitive merger that will combine Adirondack and its bank subsidiary into Arrow and Arrow Bank, respectively, following shareholder and regulatory approvals. For investors, the filing signals imminent deal close (target July 1, 2026) and that major regulatory hurdles have been cleared. The 8-K also contains standard forward-looking statements and notes that the transaction remains subject to customary closing conditions.