---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-25-000034"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T14:04:33.402609+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial records $3.75M reserve on $15M CRE loan in foreclosure

## Summary
- Recorded $3.75M specific reserve on a $15M commercial real estate loan secured by two Upstate NY office parks.
- Loan had zero reserve based on Jan 2024 appraisal of $86.1M; new appraisal shows $50M valuation.
- Borrower in payment default; bank group commenced foreclosure as of March 31, 2025.
- Arrow is 22% participant in a $67M multi-bank deal; estimated remaining exposure ~$10.64M after reserve.
- Event will adversely impact Arrow's Q1 2025 financial performance; more details in upcoming earnings release.

## SEC filing metadata
- accession: 0000717538-25-000034
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753825000034/0000717538-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753825000034/arow-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-25-000034
- JSON: https://secwatch.observer/filing/0000717538-25-000034.json
- Plain text: https://secwatch.observer/filing/0000717538-25-000034.txt

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