---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-24-000119"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:27:37.538276+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Arrow completes $75M portfolio repositioning; expects $2.7M NII boost; reports $1.2M unification charges

## Summary
- Sold $75M low-yield AFS securities (0.6% avg yield, 1.3 yr life) for $3M pre-tax loss; reinvested at 4.4% yield, 4.5 yr life.
- Transaction expected to improve net interest income by ~$2.7M in 2025, earn-back period ~1.1 years, no impact on capital ratios or tangible book.
- Q4 2024 will include ~$0.5M professional/legal expenses and $0.7M charge-off for branding/signage from bank unification.
- Legal unification of two subsidiary banks into Arrow Bank N.A. completes Dec 31, 2024, simplifying brand identity.

## SEC filing metadata
- accession: 0000717538-24-000119
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753824000119/0000717538-24-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753824000119/arow-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-24-000119
- JSON: https://secwatch.observer/filing/0000717538-24-000119.json
- Plain text: https://secwatch.observer/filing/0000717538-24-000119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.