Arrow Financial Corp completed its acquisition of Adirondack Bancorp, Inc. on 2026-07-01, according to the Form 8-K Arrow Financial Corp filed with the SEC on 2026-07-01. The filing's Item 2.01 states no aggregate dollar price.
| Acquirer | Arrow Financial Corp |
|---|---|
| Acquired | Adirondack Bancorp, Inc. |
| Completed | 2026-07-01 |
| Reported by | Arrow Financial Corp (AROW), the buyer |
| Filing | Form 8-K, filed 2026-07-01 |
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What the filing says
On July 1, 2026, Arrow Financial Corporation (the "Company") closed its previously announced acquisition of Adirondack Bancorp, Inc. ("Adirondack") and its banking subsidiary Adirondack Bank, which was merged with and into Arrow Bank pursuant to the terms of the Agreement and Plan of Merger (the "Agreement") dated February 25, 2026.
More from the filing
The banking system conversion and integration is scheduled to be completed later in 2026 Merger Consideration Pursuant to the terms and subject to the conditions of the Agreement, each share of common stock, par value $5.00 per share, of Adirondack outstanding immediately prior to the effective time of the transaction will be converted into the right to receive (i) 1.8610 shares of Arrow common stock, par value $1.00 per share, and (ii) $18.72 in cash.
Holders of Adirondack common stock will receive cash in lieu of fractional shares.
The transaction is intended to be a tax-free reorganization under Section 368(a) of the Internal Revenue Code.
Quoted from Arrow Financial Corp's Form 8-K.
This is the only completed acquisition Arrow Financial Corp reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.