secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000717538-25-000034
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753825000034/0000717538-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753825000034/arow-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000717538-25-000034

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