M&A
confidence high
sentiment positive
materiality 0.75
Arrow Financial completes acquisition of Adirondack Bancorp; combined assets $5.4B
ARROW FINANCIAL CORP
- Each Adirondack share converted into 1.8610 Arrow shares plus $18.72 cash; tax-free reorganization under Section 368(a).
- Combined company: $5.4B assets, $4.8B deposits, $4.1B gross loans, 57 branches across northeastern NY and Mohawk Valley.
- Rocco F. Arcuri Sr. appointed to Arrow board and as SVP, Regional President, Mohawk Valley of Arrow Bank.
- Banking system conversion and integration scheduled for later in 2026; customers will see Arrow branding starting July 1.
- Arrow President & CEO David S. DeMarco cites complementary community banks and long-term value creation.