AROW / Arrow Financial Corporation - Depositi SEC, Relazione annuale, dichiarazione di delega

Arrow Financial Corporation
US ˙ NasdaqGS ˙ US0427441029

Statistiche di base
LEI 2549007Z8GI9ZZIQ1817
CIK 717538
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Arrow Financial Corporation
SEC Filings (Chronological Order)
Questa pagina fornisce un elenco completo e cronologico dei depositi SEC, esclusi i documenti di proprietà che forniamo altrove.
August 8, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

July 24, 2025 EX-99.1

Arrow Reports 2nd Quarter Net Income of $10.8 Million, or $0.65 per Share, and Declares 3rd Quarter Dividend of $0.29 per Share

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: “AROW“ Website: arrowfinancial.

July 24, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 23, 2025 (Date of earliest event reported) ARROW FINANCIAL COR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 23, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 24, 2025 EX-99.2

2Q 2025 Investor Presentation July 24, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Secu

q22025investorpresentati 2Q 2025 Investor Presentation July 24, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

July 3, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 1, 2025 (Date of earliest event reported) ARROW FINANCIAL CORP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 1, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 3, 2025 EX-10.1

Professional Services Agreement, dated as of July 1, 2025, by and between Arrow Financial Corporation and David D. Kaiser

kaiserpsa20250701 PROFESSIONAL SERVICES AGREEMENT THE PROFESSIONAL SERVICES AGREEMENT is made and entered into as of the 1st day of July, 2025 (the “Agreement”), by and between Arrow Bank National Association (the “Bank”) and David D.

June 17, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: June 17, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

June 17, 2025 EX-99.1

Mid-2Q Update Virtual Investor Meetings June 17, 2025 2 Forward-Looking Statements This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined i

midq2investorupdate Mid-2Q Update Virtual Investor Meetings June 17, 2025 2 Forward-Looking Statements This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

June 4, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 4, 2025 (Date of earliest event reported) ARROW FINANCIAL CORP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 4, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

June 4, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 4, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

June 4, 2025 EX-99.1

Annual Meeting of Shareholders June 4, 2025 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Positioned for Growth Closing Safe Harbor Statement The information in this presentation may contain statements based on management’

afc2025annualmeeting Annual Meeting of Shareholders June 4, 2025 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Positioned for Growth Closing Safe Harbor Statement The information in this presentation may contain statements based on management’s beliefs, assumptions, expectations, estimates and/or projections about the future.

May 9, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

May 1, 2025 EX-99.1

Arrow Reports 1st Quarter Net Income of $6.3 Million, or $0.38 per Share, and Declares 2nd Quarter Dividend of $0.28 per Share

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: “AROW“ Website: arrowfinancial.

May 1, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: April 30, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

May 1, 2025 EX-99.2

1Q 2025 Investor Presentation May 1, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Securi

1Q 2025 Investor Presentation May 1, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

April 24, 2025 ARS

Notice of 2025 Annual Meeting of Shareholders and Proxy Statement & 2024 Annual Report on Form 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Excha

Notice of 2025 Annual Meeting of Shareholders and Proxy Statement & 2024 Annual Report on Form 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.

April 24, 2025 DEFA14A

DEFA14A

April 24, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ x ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2

April 16, 2025 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 16, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 14, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 14, 2025 (Date of earliest event reported) ARROW FINANCIAL CO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 14, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

March 20, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 20, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

March 20, 2025 EX-99.1

Investor Day - Chicago March 20, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Securities

Investor Day - Chicago March 20, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

March 14, 2025 EX-21

Subsidiaries of Arrow Financial Corporation

Exhibit 21 Arrow Financial Corporation 250 Glen Street Glens Falls, NY 12801 Subsidiaries December 31, 2024 Subsidiary Percent of Common Stock Owned Subsidiaries of Arrow Financial Corporation: Arrow Bank National Association A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Subsidiaries of Arrow Bank National Association Arrow Properties, Inc.

March 14, 2025 EX-97.1

Arrow Financial Corporation Clawback Policy (Adopted as of December 1, 2023)

29952522.5 ARROW FINANCIAL CORPORATION CLAWBACK POLICY (Adopted as of December 1, 2023) Introduction The Board of Directors (the “Board”) of Arrow Financial Corporation (the “Company”) believes that it is in the best interests of the Company and its shareholders to create and maintain a culture that emphasizes integrity and accountability and that reinforces the Company’s pay-for- performance comp

March 14, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2024 ☐ Transition Report Pursuant to Secti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specifi

March 14, 2025 EX-19.1

tion Policy on Insider Trading - January 2024

ARROW FINANCIAL CORPORATION POLICY ON INSIDER TRADING JANUARY 2024 This Policy on Insider Trading (this “Policy”) describes the standards of Arrow Financial Corporation and its subsidiaries (the “Company”) on trading, and causing the trading of, the Company’s securities or securities of certain other publicly traded companies while in possession of confidential information, and sets forth the restrictions on the ability of its executive officers and directors to hedge and pledge Company securities.

February 10, 2025 EX-10.4

2025 Employment Agreement between the Registrant and Andrew J. Wise, Chief Risk Officer and Senior Executive Vice President, incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 10, 2025, Exhibit 10.4*

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, ARROW BANK NATIONAL ASSOCIATION, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and ANDREW J.

February 10, 2025 EX-10.5

2025 Employment Agreement between the Registrant and Marc J.. Yrsha, Executive Vice President, Chief Banking Officer, incorporated herein by reference from the Registrant's Current Report on Form 8-K, filed February 10, 2025, Exhibit 10.5*

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, ARROW BANK NATIONAL ASSOCIATION, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and MARC J.

February 10, 2025 EX-10.2

2025 Employment Agreement between the Registrant and Penko K. Ivanov, Executive Vice President, Treasurer and Chief Financial Officer, incorporated herein by reference from the Registrant's Current Report on Form 8-K, filed February 10, 2025, Exhibit 10.2*

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, ARROW BANK NATIONAL ASSOCIATION, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and PENKO K.

February 10, 2025 EX-10.1

incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 10, 2025, Exhibit 10.1*

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 (the "Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, ARROW BANK NATIONAL ASSOCIATION, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and DAVID.

February 10, 2025 EX-10.3

2025 Employment Agreement between the Registrant and David D. Kaiser, Senior Executive Vice President, incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 10, 2025, Exhibit 10.3*

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, ARROW BANK NATIONAL ASSOCIATION, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and DAVID D.

February 10, 2025 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 29, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

January 30, 2025 EX-99.2

4Q 2024 Investor Presentation January 30, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the S

4Q 2024 Investor Presentation January 30, 2025 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

January 30, 2025 EX-99.1

Arrow Reports 4th Quarter Net Income of $4.5 Million or $0.27 per Share and $29.7 Million or $1.77 per Share for 2024. Declares first quarter dividend of $0.28 per share.

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: “AROW“ Website: arrowfinancial.

January 30, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: January 29, 2025 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

December 26, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: December 20, 2024 (Date of earliest event reported) ARROW FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: December 20, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

November 7, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registran

October 31, 2024 EX-99.1

Arrow Reports 3rd Quarter Net Income of $9.0 Million, or $0.53 per Share

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

October 31, 2024 EX-99.2

3Q 2024 Investor Presentation October 31, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the S

3Q 2024 Investor Presentation October 31, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

October 31, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 31, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 3, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 2, 2024 (Date of earliest event reported) ARROW FINANCIAL C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 2, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissi

October 3, 2024 EX-99.1

Arrow Declares October 2024 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

August 8, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

August 8, 2024 EX-10.3

Restricted Stock Award Agreement Form 2024 (Non-Employee Directors)

Certificate No. RS (Non-Employee Director Award) ARROW FINANCIAL CORPORATION 2022 Long-Term Incentive Plan RESTRICTED STOCK AWARD AGREEMENT (Non-Employee Director) Granted to: Date of Grant: Number of Shares of Restricted Stock: THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is entered into between Arrow Financial Corporation, a New York corporation (the “Company”), and (“Grantee”), who

August 8, 2024 EX-10.1

Restricted Stock Award Agreement Form 2024 (Single Trigger At Will Employees)

Certificate No. RS (At-Will Employee Award) ARROW FINANCIAL CORPORATION 2022 Long-Term Incentive Plan RESTRICTED STOCK AWARD AGREEMENT (At-Will Employee) Granted to: Date of Grant: Number of Shares of Restricted Stock: THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is entered into between Arrow Financial Corporation, a New York corporation (the “Company”), and (“Grantee”), who is a value

August 8, 2024 EX-10.2

Restricted Stock Award Agreement Form 2024 (Double Trigger Contracted Employees)

Certificate No. RS (Contracted Employee Award) ARROW FINANCIAL CORPORATION 2022 Long-Term Incentive Plan RESTRICTED STOCK AWARD AGREEMENT (Contracted Employee) Granted to: Date of Grant: Number of Shares of Restricted Stock: THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”) is entered into between Arrow Financial Corporation, a New York corporation (the “Company”), and (“Grantee”), who is a

July 25, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 24, 2024 (Date of earliest event reported) ARROW FINANCIAL COR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 24, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 25, 2024 EX-99.1

Arrow Reports 2nd Quarter Net Income of $8.6 Million, or $0.52 per Share, Declares Dividend of $0.27 per Share

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

July 25, 2024 EX-99.2

2Q 2024 Investor Presentation July 25, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Secu

q22024investorpresentati 2Q 2024 Investor Presentation July 25, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

July 23, 2024 EX-99.1

Arrow to Unify Bank Subsidiaries into One Entity Renamed Arrow Bank

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

July 23, 2024 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 22, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

June 6, 2024 EX-99.1

1 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Rachael Murray Tel: (518) 415-4313 FOR IMMEDIATE RELEASE Tenée R. Casaccio Named Chair of the Arrow Board of Directors GLENS FALLS, N.Y. (June 6

1 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

June 6, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 5, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

June 5, 2024 EX-99.1

ANNUAL MEETING OF SHAREHOLDERS June 5, 2024 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Commitment to Growth Closing The information in this presentation may contain statements based on management’s beliefs, assumptions,

ANNUAL MEETING OF SHAREHOLDERS June 5, 2024 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Commitment to Growth Closing The information in this presentation may contain statements based on management’s beliefs, assumptions, expectations, estimates and/or projections about the future.

June 5, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 5, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

May 10, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

April 30, 2024 EX-99.2

1Q 2024 Investor Presentation April 30, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Sec

1Q 2024 Investor Presentation April 30, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

April 30, 2024 EX-99.1

ARROW FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In Thousands, Except Per Share Amounts - Unaudited) Three Months Ended: March 31, 2024 December 31, 2023 March 31, 2023 INTEREST AND DIVIDEND INCOME Interest and Fees on

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

April 30, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: April 24, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 25, 2024 DEFA14A

DEFA14A

April 25, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ x ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2

April 25, 2024 ARS

Notice of 2024 Annual Meeting of Shareholders and Proxy Statement & 2023 Annual Report on Form 10-K 250 Glen Street Glens Falls, New York 12801 April 25, 2024 Dear Shareholder: You are cordially invited to attend the Arrow Financial Corporation Annua

Notice of 2024 Annual Meeting of Shareholders and Proxy Statement & 2023 Annual Report on Form 10-K 250 Glen Street Glens Falls, New York 12801 April 25, 2024 Dear Shareholder: You are cordially invited to attend the Arrow Financial Corporation Annual Meeting of Shareholders at 10:00 a.

March 19, 2024 EX-16.1

Letter from KPMG LLP dated March

March 19, 2024 Securities and Exchange Commission Washington, D.C.20549 Ladies and Gentlemen: We were previously principal accountants for Arrow Financial Corporation (the Company), and under the date of March 11, 2024, we reported on the consolidated financial statements of Arrow Financial Corporation as of and for the years ended December 31, 2023 and 2022, and the effectiveness of internal cont

March 19, 2024 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 14, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

March 14, 2024 EX-99.1

ANNUAL REVIEW 2023 While the last year posed its challenges, it did not distract us from growing the business. We remain steadfast in our commitment to serving our shareholders, customers and communities and empowering our employees. David S. DeMarco

ANNUAL REVIEW 2023 While the last year posed its challenges, it did not distract us from growing the business.

March 14, 2024 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 14, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

March 11, 2024 EX-21

Subsidiaries of Arrow Financial Corporation

Exhibit 21 Arrow Financial Corporation 250 Glen Street Glens Falls, NY 12801 Subsidiaries December 31, 2023 Subsidiary Percent of Common Stock Owned Subsidiaries of Arrow Financial Corporation: Glens Falls National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY 100 Saratoga National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Saratoga Springs, NY 100 Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Subsidiaries of Glens Falls National Bank and Trust Company: Arrow Properties, Inc.

March 11, 2024 EX-19.1

rporation Policy on Insider Trading - January 2024

ARROW FINANCIAL CORPORATION POLICY ON INSIDER TRADING JANUARY 2024 This Policy on Insider Trading (this “Policy”) describes the standards of Arrow Financial Corporation and its subsidiaries (the “Company”) on trading, and causing the trading of, the Company’s securities or securities of certain other publicly traded companies while in possession of confidential information, and sets forth the restrictions on the ability of its executive officers and directors to hedge and pledge Company securities.

March 11, 2024 EX-97.1

cial Corporation Clawback Policy

29952522.5 ARROW FINANCIAL CORPORATION CLAWBACK POLICY (Adopted as of December 1, 2023) Introduction The Board of Directors (the “Board”) of Arrow Financial Corporation (the “Company”) believes that it is in the best interests of the Company and its shareholders to create and maintain a culture that emphasizes integrity and accountability and that reinforces the Company’s pay-for- performance comp

March 11, 2024 EX-10.19

Employment Agreement between the Registrant and Marc J. Yrsha, Chief Banking Officer, effective February 1, 2024

EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is executed as of February 1, 2024 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiaries, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("GFNB") and SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 ("Saratoga"), and MARC J.

March 11, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 ☐ Transition Report Pursuant to Secti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specifi

March 4, 2024 EX-99

Arrow Announces Acquisition of Whitehall, N.Y. Branch

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

March 4, 2024 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 4, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

February 16, 2024 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 16, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

February 7, 2024 EX-10.4

Employment Agreement between the Company and Penko K. Ivanov effective February

February 7, 2024 EX-10.3

Employment Agreement between the Company and Andrew J. Wise effective February 1, 202

wise2024

February 7, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 1, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

February 7, 2024 EX-10.2

effective February 1, 2024 incorporated herein by reference from the Registrant's Current Report on Form 8-K

February 7, 2024 EX-10.1

Employment Agreement between the Company and

February 1, 2024 8-K

Regulation FD Disclosure, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: January 31, 2024 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

February 1, 2024 EX-99.2

4Q 2023 Investor Presentation February 1, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the S

4Q 2023 Investor Presentation February 1, 2024 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

February 1, 2024 EX-99.1

Arrow Reports 4th Quarter Net Income of $7.7 Million or $0.46 per Share and $30.1 Million or $1.77 per Share for 2023. Declares Cash Dividend of $0.27 per Share, its 43rd Consecutive Quarterly Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

February 1, 2024 EX-3.1

By-laws of the Registrant, as amended, incorporated herein by reference from the Registrant’s Current Report on Form 8-K filed on February 1, 2024, Exhibit 3.1

ARROW FINANCIAL CORPORATION (A New York corporation) BY-LAWS (Originally adopted 7/2/90, as amended through 1/31/24) 1 BY-LAWS ARROW FINANCIAL CORPORATION (A New York Corporation) ARTICLE I Definitions As used in these By-laws, unless the context otherwise requires, the term: 1.

December 7, 2023 S-8

As filed with the Securities and Exchange Commission on ______ __, 2023

As filed with the Securities and Exchange Commission on , 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S‑8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) 250 Glen Street Glens Falls, New York 12801 NEW YORK Telephone: (518) 745-1000 22-2448962 (Stat

December 7, 2023 EX-4.9

Arrow Financial Corporation 2023 Employee Stock Purchase Plan

Arrow Financial Corporation 2023 Employee Stock Purchase Plan (adopted October 25, 2023) 1.

December 7, 2023 EX-FILING FEES

Calculation of filing fees table

Ex. 107 Security Type Security Class Title Fee Calculati on Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate $0.00014760 ($147.60/ Equity million dollars (3) registered) 7,920,000.00$ 1,168.99$ $ - (4) 1,168.99$ (4) See “Table 2: Fee Offset Claims and Sources” to this Exhibit 107 for information related to the fee offset. Registrant or Filer

December 7, 2023 S-8

As filed with the Securities and Exchange Commission on ______ __, 2023

As filed with the Securities and Exchange Commission on , 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S‑8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) 250 Glen Street Glens Falls, New York 12801 NEW YORK Telephone: (518) 745-100 22-2448962 (State

December 7, 2023 EX-FILING FEES

Calculation of filing fees table

Ex. 107 Security Type Security Class Title Fee Calculation Rule Amount Registered Propose d Maximu m Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee $0.00014760 ($147.60/ Equity million dollars $ 292.25 (3) registered) $1,980,000.00 $ 292.25 $ 0.00 (4) $ 292.25 (4) See “Table 2: Fee Offset Claims and Sources” to this Exhibit 107 for information related

December 7, 2023 EX-15

Awareness Letter

Exhibit 15 December 7, 2023 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement on Form S-8 related to the Arrow Financial Corporation 2023 Employee Stock Purchase Plan With respect to the subject registration statement, we acknowledge our awareness of the use therein of our report dated November 9, 2023 related to our review of interim financial information.

December 7, 2023 EX-15

Awareness Letter

Exhibit 15 December 7, 2023 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement on Form S-8 related to the Arrow Financial Corporation 2023 Directors’ Stock Plan With respect to the subject registration statement, we acknowledge our awareness of the use therein of our report dated November 9, 2023 related to our review of interim financial information.

December 4, 2023 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: November 27, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

November 9, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registran

November 9, 2023 EX-15

Awareness Letter

Exhibit 15 November 9, 2023 Arrow Financial Corporation Glens Falls, New York Re: Registration Statements Form S-3 (No.

October 27, 2023 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 25, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 26, 2023 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 25, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 26, 2023 EX-99.1

Arrow Declares December 2023 Cash Dividend; Announces Resumption of Dividend Reinvestment Plan and Expansion of Its Stock Repurchase Program

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

October 25, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 25, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 25, 2023 EX-99.1

ANNUAL MEETING OF SHAREHOLDERS October 25, 2023 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing The information in this presentation may contain statements based on management’s beliefs, assumptions,

ANNUAL MEETING OF SHAREHOLDERS October 25, 2023 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing The information in this presentation may contain statements based on management’s beliefs, assumptions, expectations, estimates and/or projections about the future.

October 24, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 24, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 24, 2023 EX-99.2

3Q 2023 Investor Presentation October 24, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the S

3Q 2023 Investor Presentation October 24, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

October 24, 2023 EX-99.1

Arrow Reports Q3 2023 Net Income of $7.7 Million and Earnings per Share of $0.46, Loans of $3.1 Billion on 9% Annualized Loan Growth

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

September 13, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ x ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2

September 13, 2023 DEFA14A

DEFA14A

August 31, 2023 EX-99

Arrow Financial Corporation Declares Stock Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

August 31, 2023 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: August 30, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissi

August 8, 2023 EX-99.1

Arrow Reports $6.0 million in Q2 2023 Net Income, Loans Reach Record High of $3.1 Billion

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

August 8, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: August 8, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

August 8, 2023 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm August 8, 2023 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Form S-3 (No.

August 8, 2023 EX-99.2

Q2 2023 Investor Presentation August 8, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Sec

Q2 2023 Investor Presentation August 8, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

August 8, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

July 31, 2023 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 26, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 31, 2023 EX-99.1

Board Appoints David S. DeMarco as Director; Approves 2023 Annual Meeting Date

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

July 28, 2023 EX-99.1

Arrow Declares September 2023 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

July 28, 2023 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 26, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 27, 2023 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm July 27, 2023 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Form S-3 (No.

July 27, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 27, 2023 (Date of earliest event reported) ARROW FINANCIAL COR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 27, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 27, 2023 EX-99

Q1 2023 Investor Presentation July 27, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”). Forward-looking statements, as defined in Section 21E of the Secu

q12023investordeck Q1 2023 Investor Presentation July 27, 2023 2 Safe Harbor This presentation may contain certain forward-looking statements about Arrow Financial Corporation (“Arrow” or the “Company”).

July 27, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

July 24, 2023 EX-99.1

Arrow Reports $8.6 million in Q1 2023 Net Income and Grew Deposits by $48.0 Million

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

July 24, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 24, 2023 (Date of earliest event reported) ARROW FINANCIAL COR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 24, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 21, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 18, 2023 (Date of earliest event reported) ARROW FINANCIAL COR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 18, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 21, 2023 EX-10.1

, 2023 incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed July 22, 2023, Exhibit 10.1*

demarcoemploymentagreeme Execution Version 29851359.9 AMENDED AND RESTATED EMPLOYMENT AGREEMENT This AMENDED AND RESTATED EMPLOYMENT AGREEMENT executed as of July 18, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TR

July 21, 2023 EX-10.2

Amended and Restated Employment Agreement between the Registrant and Penko K. Ivanov, Senior Executive Vice President, Treasurer and Chief Financial Officer, effective July 18, 2023 incorporated herein by reference from the Registrant's Current Report on Form 8-K, filed July 22, 2023, Exhibit 10.2*

ivanovemploymentagreemen Execution Version AMENDED AND RESTATED EMPLOYMENT AGREEMENT This AMENDED AND RESTATED EMPLOYMENT AGREEMENT is executed as of July 18, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (the “Banks”) and PENKO K.

July 18, 2023 EX-21

Subsidiaries of Arrow Financial Corporation

Exhibit 21 Arrow Financial Corporation 250 Glen Street Glens Falls, NY 12801 Subsidiaries December 31, 2022 Subsidiary Percent of Common Stock Owned Subsidiaries of Arrow Financial Corporation: Glens Falls National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY 100 Saratoga National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Saratoga Springs, NY 100 Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Subsidiaries of Glens Falls National Bank and Trust Company: Arrow Properties, Inc.

July 18, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 ☐ Transition Report Pursuant to Secti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specifi

June 5, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 1, 2023 (Date of earliest event reported) ARROW FINANCIAL CORP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: June 1, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

May 15, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: May 12, 2023 (Date of earliest event reported) ARROW FINANCIAL CORP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: May 12, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

May 15, 2023 EX-99.1

Arrow Financial Corporation Announces Receipt of NASDAQ Noncompliance Notice

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

May 15, 2023 EX-99.2

Thomas J. Murphy Terminates Employment as Arrow Financial Corporation President and CEO and as a Director of Arrow Financial Corporation; David S. DeMarco Appointed President and CEO

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

May 11, 2023 NT 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SEC FILE NUMBER FORM 12b-25 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form N-CEN ☐ Form N-CSR For

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SEC FILE NUMBER FORM 12b-25 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form N-CEN ☐ Form N-CSR For Period Ended: March 31, 2023 ☐ Transition Report on Form 10-K ☐ Transition Report on Form 20-F ☐ Transition Report on Form 11-K ☐ Transition Report on

May 3, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: May 3, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: May 3, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission F

May 3, 2023 EX-99

Arrow Declares June 2023 Cash Dividend

EX-99 2 ex99-afcdeclarescashdivide.htm EX-99 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Rachael Murray Tel: (518) 415-4313 FOR IMMEDIATE RELEASE Arrow Declares June 2023 Cash Dividend GLENS FALLS, N.Y. (May 3, 2023) - The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on May 3, 2023, declared a quarterly cash divide

April 5, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: March 31, 2023 (Date of earliest event reported) ARROW FINANCIAL CO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: March 31, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 5, 2023 EX-99

Arrow Financial Corporation Announces Receipt of NASDAQ Noncompliance Notice

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

March 31, 2023 NT 10-K/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25/A SEC FILE NUMBER (Amendment No. 1) 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form N-C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25/A SEC FILE NUMBER (Amendment No. 1) 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form N-CEN ☐ Form N-CSR For Period Ended: December 31, 2022 ☐ Transition Report on Form 10-K ☐ Transition Report on Form 20-F ☐ Transition Report on Form 11-K

March 16, 2023 NT 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SEC FILE NUMBER FORM 12b-25 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form N-CEN ☐ Form N-CSR For

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SEC FILE NUMBER FORM 12b-25 0-12507 CUSIP NUMBER NOTIFICATION OF LATE FILING 042744102 (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form N-CEN ☐ Form N-CSR For Period Ended: December 31, 2022 ☐ Transition Report on Form 10-K ☐ Transition Report on Form 20-F ☐ Transition Report on Form 11-K ☐ Transition Report

February 23, 2023 EX-99

ANNUAL REVIEW2 0 2 2 This past year brought major investments in our people, our technology and our facilities, all designed to better position us for the future. Tom Murphy President and CEO The information in this document may contain statements ba

ar2022 ANNUAL REVIEW2 0 2 2 This past year brought major investments in our people, our technology and our facilities, all designed to better position us for the future.

February 23, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 23, 2023 (Date of earliest event reported) ARROW FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 23, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

February 6, 2023 EX-10.3

, effective February 1, 2023 incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 6, 2023, Exhibit 10.4*

U.S. Securities and Exchange Commission You’ve Exceeded the SEC’s Traffic Limit Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes. Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains

February 6, 2023 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 1, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

February 6, 2023 EX-10.1

Employment Agreement between the Company and Thomas J. Murphy effective February 1, 202

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank”) and THOMAS J.

February 6, 2023 EX-10.5

Employment Agreement between the Company and

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“the Banks”) and PENKO K.

February 6, 2023 EX-99.1

Arrow Financial Corporation Names Ivanov CFO

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

February 6, 2023 EX-99.2

Arrow Declares March 2023 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

February 6, 2023 EX-10.2

effective February 1, 2023 incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 6, 2023, Exhibit 10.3*

U.S. Securities and Exchange Commission You’ve Exceeded the SEC’s Traffic Limit Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes. Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains

February 6, 2023 EX-10.4

Employment Agreement between the Registrant and Andrew J. Wise, Chief Operating Officer and Senior Executive Vice President, effective February 1, 2023 incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed February 6, 2023, Exhibit 10.5*

1 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 and SARATOGA NATIONAL BANK AND TRUST COMPANY, national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 “(“the Banks”) and ANDREW J.

January 30, 2023 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: January 30, 2023 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

January 30, 2023 EX-99

Arrow Reports $48.8 million in Net Income, Record Loan Growth of $315 million in 2022

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

November 7, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registran

November 7, 2022 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm November 7, 2022 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Form S-3 (No.

October 27, 2022 EX-99.2

Arrow Declares December 2022 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

October 27, 2022 EX-99

Arrow Reports $12.2 million in Q3 Net Income, Loan Growth of $80 Million in the Quarter

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

October 27, 2022 EX-99.1

Arrow Approves 2023 Stock Repurchase Program

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

October 27, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 26, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 27, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 27, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 6, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): October 1, 2022 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 000-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

October 6, 2022 EX-10.1

incorporated herein by reference from the Registrant's Current Report on Form 8-K , filed October 6, 2022, Exhibit 10.1

PROFESSIONAL SERVICES AGREEMENT This PROFESSIONAL SERVICES AGREEMENT is made and entered into as of the 1st day of October, 2022 (the ?Agreement?), by and between Arrow Financial Corporation, a New York corporation (?AFC?) and Edward J.

September 30, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): September 28, 2022 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 000-12507 22-2448962 (State or other jurisdiction of incorporation) (Com

September 1, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: August 31, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissi

September 1, 2022 EX-99

Arrow Financial Corporation Declares Stock Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

August 26, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): August 23, 2022 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 000-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

August 5, 2022 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm August 5, 2022 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Form S-3 (No.

August 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

July 28, 2022 EX-99

Arrow Declares September 2022 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

July 28, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 27, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 27, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 27, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 27, 2022 EX-99

Arrow Reports $12.0 million in Q2 Net Income, Loan Growth of $108 Million

EX-99 2 ex99-earningsq22022.htm EX-99 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Blake Jones Tel: (518) 415-4274 Arrow Reports $12.0 million in Q2 Net Income, Loan Growth of $108 Million GLENS FALLS, N.Y. (July 27, 2022) – Arrow Financial Corporation (NasdaqGS® – AROW) announced financial results for the three-month period ended June 30,

May 9, 2022 S-8

As filed with the Securities and Exchange Commission on May 9, 2022

As filed with the Securities and Exchange Commission on May 9, 2022 Registration No.

May 9, 2022 EX-FILING FEES

Calculation of Filing Fees Tables

Exhibit 107.1 Table 1: Newly Registered Security Type Security Class Title Fee Calculation Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Equity Common Stock, $1.00 Par Value 457(c) 450,000 (1) $31.97 (2) $14,386,500 $0.0000927 $1,333.63 Total Offering Amounts $14,386,500 $1,333.63 Total Fee Offsets $0 Net Fee Du

May 9, 2022 EX-15

Awareness Letter

Exhibit 15 May 9, 2022 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement on Form S-8 related to the Arrow Financial Corporation 2022 Long Term Incentive Plan With respect to the subject registration statement, we acknowledge our awareness of the use therein of our report dated May 6, 2022 related to our review of interim financial information.

May 6, 2022 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: May 4, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission F

May 6, 2022 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm May 6, 2022 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Form S-3 (No.

May 6, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

May 4, 2022 EX-99

ANNUAL MEETING OF SHAREHOLDERS May 4, 2022 Welcome Today’s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing The information in this presentation may contain statements based on management’s beliefs, assumptions, expec

ANNUAL MEETING OF SHAREHOLDERS May 4, 2022 Welcome Today?s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing The information in this presentation may contain statements based on management?s beliefs, assumptions, expectations, estimates and/or projections about the future.

May 4, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: May 4, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission F

April 28, 2022 EX-99

Arrow Declares June 2022 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

April 28, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 27, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 26, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: April 26, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 26, 2022 EX-99

Arrow Reports $12.6 million in Q1 Net Income, Loan Growth of $69.3 Million

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

March 31, 2022 CORRESP

March 31, 2022

March 31, 2022 VIA EDGAR AND EMAIL Securities and Exchange Commission 100 F. Street, NE Washington, DC 20549 Attention: Mr. John Dana Brown Division of Corporate Finance Re: Arrow Financial Corporation Registration Statement on Form S-3 filed March 24, 2022 File No. 333-263812 Dear Mr. Brown: Pursuant to Rule 461 under the Securities Act of 1933, as amended, Arrow Financial Corporation (the ?Compa

March 25, 2022 DEFA14A

DEFA 14A

March 25, 2022 DEF 14A

Arrow Financial Corporation 2022 Long Term Incentive Plan, incorporated herein by reference from the Registrant’s Proxy Statement on Schedule 14A filed March

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ x ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2

March 24, 2022 S-3

As filed with the Securities and Exchange Commission on March 24, 2022

As filed with the Securities and Exchange Commission on March 24, 2022 Registration No.

March 24, 2022 EX-FILING FEES

Calculation of Filing Fees Tables

Exhibit 107 Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward Newly Registered Securities Fees to be Paid Equity Common Stock, $1.

March 11, 2022 EX-10.18

Form of Restricted Stock Unit Award Agreement of the Registrant incorporated herein by reference from the Registrant’s Annual Report filed on Form 10-K for the year ended December 31, 2021, Exhibit 10.16*

Arrow Financial Corporation 2013 Long Term Incentive Plan Restricted Stock Unit Agreement This Restricted Stock Unit Agreement (this ?Agreement?) is made and entered into as of (the ?Grant Date?) by and between Arrow Financial Corporation, a New York corporation (the ?Company?) and (the ?Grantee?).

March 11, 2022 EX-21

Subsidiaries of Arrow Financial Corporation

Exhibit 21 Arrow Financial Corporation 250 Glen Street Glens Falls, NY 12801 Subsidiaries December 31, 2021 Subsidiary Percent of Common Stock Owned Subsidiaries of Arrow Financial Corporation: Glens Falls National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY 100 Saratoga National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Saratoga Springs, NY 100 Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Subsidiaries of Glens Falls National Bank and Trust Company: Arrow Properties, Inc.

March 11, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2021 ☐ Transition Report Pursuant to Secti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2021 ? Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specifi

February 28, 2022 EX-99

ANNUAL REVIEW Our employees, customers and communities count on us every day and, as you will see on the following pages, we have delivered for all of our stakeholders. Tom Murphy President and CEO The information in this document may contain stateme

EX-99 2 a2021ar.htm EX-99 ANNUAL REVIEW Our employees, customers and communities count on us every day and, as you will see on the following pages, we have delivered for all of our stakeholders. Tom Murphy President and CEO The information in this document may contain statements based on management’s beliefs, assumptions, expectations, estimates and projections about the future. Such "forward-look

February 28, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 28, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commis

February 9, 2022 SC 13G/A

AROW / Arrow Financial Corporation / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 1)* Name of issuer: Arrow Financial Corp. Title of Class of Securities: Common Stock CUSIP Number: 042744102 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

February 1, 2022 EX-10.3

Employment Agreement between the Company and David S. DeMarco effective February 1, 202

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (?Agreement?) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (?Arrow?), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (?Saratoga?), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (?GFNB?) and DAVID.

February 1, 2022 EX-10.1

Employment Agreement between the Company and Thomas J. Murphy effective February 1, 202

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (?Agreement?) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (?Arrow?), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the ?Bank? and collectively with Arrow, the ?Company?), and THOMAS J.

February 1, 2022 EX-10.4

Employment Agreement between the Company and David D. Kaiser effective February 1, 202

1 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (?Agreement?) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (?Arrow?), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the ?Bank? and collectively with Arrow, the ?Company?), and DAVID D.

February 1, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 26, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

February 1, 2022 EX-10.5

Employment Agreement between the Company and Andrew J. Wise effective February 1, 202

wise2022 1 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and ANDREW J.

February 1, 2022 EX-10.2

Employment Agreement between the Company and Edward J. Campanella effective February 1, 202

campanella2022 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and EDWARD J.

February 1, 2022 EX-99.1

Arrow Declares Increased March 2022 Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

February 1, 2022 EX-99.2

Arrow Promotes Leaders to Senior Executive Vice President

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

January 27, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: January 27, 2022 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

January 27, 2022 EX-99

Arrow Reports Annual Net Income of $49.9 million and Total Assets Over $4 Billion

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

November 4, 2021 EX-15

Awareness Letter

EX-15 2 ex15awarenessletterq32021.htm EX-15 Exhibit 15 Report of Independent Registered Public Accounting Firm November 4, 2021 The Stockholders and Board of Directors Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Forms S‑3 (No 333‑230360, 333‑243662 and 333-258552) and Forms S‑8 (No 333‑151550, No 333‑188479, No 333‑188480, and No 333‑238096) With respect to the sub

November 4, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registran

October 28, 2021 EX-99.2

Arrow Declares December Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

October 28, 2021 EX-99.1

Arrow Approves 2022 Stock Repurchase Program

EX-99.1 2 ex99-afcapproves2022stockr.htm EX-99.1 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Dori McDannold Tel: (518) 415-4313 FOR IMMEDIATE RELEASE Arrow Approves 2022 Stock Repurchase Program GLENS FALLS, N.Y. (October 28, 2021) - The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 27, 2021, approved a n

October 28, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 27, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 26, 2021 EX-99

Arrow Reports $13.0 million in Q3 Net Income, Surpasses $4 Billion in Total Assets

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

October 26, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 26, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

August 26, 2021 EX-99

Arrow Financial Corporation Declares Stock Dividend

EX-99 2 ex99-afcdeclaresstockdivid.htm EX-99 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Dori McDannold Tel: (518) 415-4313 FOR IMMEDIATE RELEASE Arrow Financial Corporation Declares Stock Dividend GLENS FALLS, N.Y. (August 26, 2021) - The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on August 25, 2021, declared a

August 26, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: August 25, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissi

August 18, 2021 CORRESP

August 18, 2021

August 18, 2021 VIA EDGAR AND EMAIL Securities and Exchange Commission 100 F. Street, NE Washington, DC 20549-4720 Attention: Ms. Jessica Livingston Division of Corporate Finance Re: Arrow Financial Corporation Registration Statement on Form S-3 filed August 6, 2021 File No. 333-258552 Dear Ms. Livingston: Pursuant to Rule 461 under the Securities Act of 1933, as amended, Arrow Financial Corporati

August 6, 2021 EX-15

Awareness Letter

Exhibit 15 August 6, 2021 Arrow Financial Corporation Glens Falls, New York Re: Registration Statement on Form S-3 related to the renewal of the Company?s self registration statement With respect to the subject registration statement, we acknowledge our awareness of the use therein of our report dated May 6, 2021 and August 6, 2021 related to our review of interim financial information.

August 6, 2021 S-3

As filed with the Securities and Exchange Commission on August 6, 2021

As filed with the Securities and Exchange Commission on August 6, 2021 Registration No.

August 6, 2021 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm August 6, 2021 The Stockholders and Board of Directors Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Forms S?3 (No 333?230360 and 333?243662) and Forms S?8 (No 333?151550, No 333?188479, No 333?188480, and No 333?238096) With respect to the subject registration statement, we acknowledge our awareness of the use therein of our report dated August 6, 2021 related to our review of interim financial information.

August 6, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

July 29, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 28, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

July 29, 2021 EX-99

Arrow Declares September Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

July 27, 2021 EX-99

Arrow Reports $13.3 million in Q2 Net Income as COVID-19 Recovery Continues

EX-99 2 ex99-earningsq22021.htm EX-99 250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.com Media Contact: Dori McDannold Tel: (518) 415-4313 Arrow Reports $13.3 million in Q2 Net Income as COVID-19 Recovery Continues •Key profitability ratios were strong in the second quarter with return on average assets (ROA) of 1.38% and return on average equity (ROE) of 15.2

July 27, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: July 27, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission

May 6, 2021 10-Q

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as

May 6, 2021 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: May 5, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commission F

May 6, 2021 EX-15

Awareness Letter

Exhibit 15 Report of Independent Registered Public Accounting Firm May 6, 2021 The Stockholders and Board of Directors Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Forms S-3 (No.

April 30, 2021 144

- 144

144 1 demarcoform144april2021.htm 144 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. 1(a) NAME OF I

April 29, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 28, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 29, 2021 EX-99

Arrow Declares June Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

April 27, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: April 27, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissio

April 27, 2021 EX-99

Arrow Reports $13.3 million in Net Income and Diluted EPS of $0.85 in Q1

250 Glen Street Glens Falls, NY 12801 NASDAQ? Symbol: "AROW" Website: arrowfinancial.

March 26, 2021 DEF 14A

- DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ x ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2

March 26, 2021 DEFA14A

- DEFA14A

March 10, 2021 10-K

Annual Report - 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2020 ? Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specifi

March 10, 2021 EX-21

Subsidiaries of Arrow Financial Corporation

Exhibit 21 Arrow Financial Corporation 250 Glen Street Glens Falls, NY 12801 Subsidiaries December 31, 2020 Subsidiary Percent of Common Stock Owned Subsidiaries of Arrow Financial Corporation: Glens Falls National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY 100 Saratoga National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Saratoga Springs, NY 100 Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY 100 Subsidiaries of Glens Falls National Bank and Trust Company: Arrow Properties, Inc.

February 10, 2021 SC 13G

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Name of issuer: Arrow Financial Corp. Title of Class of Securities: Common Stock CUSIP Number: 042744102 Date of Event Which Requires Filing of this Statement: December 31, 2020 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ R

February 1, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 27, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

February 1, 2021 EX-10.5

Employment Agreement between the Company and Andrew J. Wise effective February 1, 202

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and ANDREW WISE, residing at 10 Chloes Way, Saratoga Springs, New York 12866 (the “Executive”).

February 1, 2021 EX-10.1

Employment Agreement between the Company and Thomas J. Murphy effective February 1, 2021

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J.

February 1, 2021 EX-10.2

Employment Agreement between the Company and Edward J. Campanella effective February 1, 2021

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and EDWARD J.

February 1, 2021 EX-10.3

Employment Agreement between the Company and David S. DeMarco effective February 1, 2021

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“GFNB”) and DAVID.

February 1, 2021 EX-99

Arrow Declares March Cash Dividend and Approves Stock Repurchase Program

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

February 1, 2021 EX-10.4

Employment Agreement between the Company and David D. Kaiser effective February 1, 202

EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and DAVID D.

January 28, 2021 EX-99

Arrow Reports Annual Net Income of $40.8 million and Continued COVID-19 Response

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

January 28, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: January 28, 2021 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

November 19, 2020 144

- 144

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. 1(a) NAME OF ISSUER (b) IRS IDENT. NO (c) S.E.C. FIL

November 5, 2020 10-Q

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registran

November 5, 2020 EX-15

Awareness Letter

EX-15 2 ex15awarenessletterq32.htm EX-15 Exhibit 15 Report of Independent Registered Public Accounting Firm November 5, 2020 The Stockholders and Board of Directors Arrow Financial Corporation Glens Falls, New York Re: Registration Statement Forms S-3 (No. 333-230360 and 333-243662) and Forms S-8 (No. 333-151550, No. 333-188479, No. 333-188480, and No. 333-238096) With respect to the subject regis

October 29, 2020 8-K

Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 28, 2020 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

October 29, 2020 EX-99

Arrow Declares December Cash Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

October 21, 2020 EX-99

Arrow Reports $11.0 million in Q3 Net Income as COVID-19 Response Continues

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

October 21, 2020 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 21, 2020 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commiss

August 27, 2020 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: August 26, 2020 (Date of earliest event reported) ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 0-12507 22-2448962 (State or other jurisdiction of incorporation) (Commissi

August 27, 2020 EX-99

Arrow Financial Corporation Declares Stock Dividend

250 Glen Street Glens Falls, NY 12801 NASDAQ® Symbol: "AROW" Website: arrowfinancial.

August 13, 2020 CORRESP

-

August 13, 2020 VIA EDGAR AND EMAIL Securities and Exchange Commission 100 F. Street, NE Washington, DC 20549-4720 Attention: Mr. John Stickel Division of Corporate Finance Re: Arrow Financial Corporation Registration Statement on Form S-3 filed August 10, 2020 File No. 333-243662 Dear Mr. Stickel: Pursuant to Rule 461 under the Securities Act of 1933, as amended, Arrow Financial Corporation (the

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