GLENS FALLS, N.Y., Aug. 25 /PRNewswire-FirstCall/ -- Thomas L. Hoy, Chairman, President and C.E.O., announced that a 3% stock dividend was declared on August 25, 2010 and will be distributed on September 29, 2010.
Shareholders of record on September 21, 2010 will receive three additional shares of Arrow Common Stock for every one hundred shares owned. They will also receive the cash equivalent of any fractional shares which they are entitled, since no partial shares will be issued.
Arrow Financial Corporation (Nasdaq: AROW) is a multi-bank holding company headquartered in Glens Falls, NY serving the financial needs of northeastern New York. Arrow is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc., Capital Financial Group, Inc., an insurance agency specializing in the sale and servicing of group health plans, and Loomis and LaPann, Inc. a property and casualty insurance agency.
SOURCE Arrow Financial Corporation