Mergers & Acquisitions ·
Arrow Financial closes acquisition of Adirondack Bancorp for 1.8610 shares plus $18.72 cash per share
AROWArrow Financial Corp
Arrow Financial Corporation closed its acquisition of Adirondack Bancorp, Inc. and its subsidiary Adirondack Bank, which merged into Arrow Bank. Adirondack common stock holders will receive 1.8610 shares of Arrow common stock and $18.72 in cash per share. Rocco F. Arcuri, Sr. was appointed as a director and Senior Vice President, Regional President, Mohawk Valley of Arrow Bank. Arrow Financial Corporation is a financial services company providing banking services.