Arrow Financial Corporation Declares Stock Dividend
On August 26, 2020, Arrow Financial Corporation (NasdaqGS: AROW) declared a 3% stock dividend, set for distribution on September 25, 2020. Shareholders of record by September 17, 2020 will receive three additional shares for every 100 shares owned. For fractional shares, a cash equivalent will be provided. The multi-bank holding company, based in Glens Falls, New York, operates banks and investment firms, serving the northeastern New York financial sector.
- Declaration of a 3% stock dividend, rewarding shareholders.
- Distribution date set for September 25, enhancing shareholder value.
- None.
GLENS FALLS, N.Y., Aug. 27, 2020 /PRNewswire/ -- Thomas J. Murphy, President and CEO, announced that a
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.
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SOURCE Arrow Financial Corporation
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