The board of directors of Arrow Financial
Corp. approved a new stock repurchase
program authorizing the repurchase, at the
discretion of senior management, of up to $5
million of the company’s common stock over
the 12-month period starting Jan. 1 in open
market or negotiated transactions.
The new repurchase program will replace
the existing $5 million repurchase program
authorized on Oct. 22, 2014, which expires
Dec. 31. Through Oct. 28, the company had
repurchased approximately $705,000 of common
stock under the existing program.
Arrow Financial Corp. is a multi-bank holding
company headquartered in Glens Falls and
is the parent of Glens Falls National Bank and
Trust Co. and Saratoga National Bank and
Trust Co.