secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000717538-26-000030
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Financial to acquire Adirondack Bancorp; consideration 1.8610 shares + $18.72 cash per share
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- Merger consideration: 1.8610 Arrow shares plus $18.72 cash per Adirondack share; intended as tax-free reorganization.
- Adirondack CEO Rocco Arcuri will join Arrow and Arrow Bank boards and serve as Regional President after closing.
- Deal requires Adirondack shareholder vote, regulatory approvals from Fed, OCC, NYDFS, and other customary conditions.
- Termination fee of $3.62M payable by Adirondack under certain circumstances; voting and lock-up agreements in place.
- Expected to close in 2026; Arrow will file S-4 proxy/prospectus with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753826000030/0000717538-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753826000030/arow-20260225.htm
  HTML page:      https://secwatch.observer/filing/0000717538-26-000030

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