Monitor the upcoming pro forma financial statements (due within 71 days) for accretion/dilution details and integration progress. The strategic acquisition expands footprint but near-term EPS impact is not yet disclosed.
Price Chart
Executive Summary
Arrow Financial completed its acquisition of Adirondack Bancorp on July 1, 2026, creating a combined company with approximately $5.4 billion in total assets, $4.8 billion in deposits, and $4.1 billion in loans. Consideration for each Adirondack share was 1.8610 Arrow shares plus $18.72 cash. The acquisition expands Arrow's branch network to 57 locations across northeastern New York and the Mohawk Valley. Rocco F. Arcuri, Sr., former President and CEO of Adirondack, was appointed to Arrow's board and as Senior Vice President, Regional President. Pro forma financial statements will be filed within 71 days.
Key Facts
- Acquisition closed July 1, 2026; Adirondack Bank merged into Arrow Bank.
- Combined company: ~$5.4B assets, ~$4.8B deposits, ~$4.1B gross loans (as of 3/31/26).
- Each Adirondack share converted into 1.8610 Arrow shares plus $18.72 cash.
- Arrow now operates 57 branches across northeastern NY and Mohawk Valley.
- Rocco F. Arcuri, Sr. appointed to Board and as SVP, Regional President of Arrow Bank.
Financial Impact
Combined entity with $5.4B total assets, $4.8B deposits, $4.1B gross loans. Consideration per Adirondack share: 1.8610 Arrow shares + $18.72 cash.
Risk Factors
- Integration and system conversion risks (slated for later in 2026).
- Potential dilution from stock issuance (undisclosed number of shares issued).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000717538-26-000100 |
| Document: a20260701adkld1nr.htm | 0000717538-26-000100 |
| Document: 0000717538-26-000100-index-headers.html | 0000717538-26-000100 |
| Document: 0000717538-26-000100-index.html | 0000717538-26-000100 |
| Document: 0000717538-26-000100.txt | 0000717538-26-000100 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | 8-K | $39.07 $38.12 | ▼ −2.43% | ▼ −1.93% | $37.79 (−3.28%) |
Jul 23, 2026 10w ago | 8-K | $39.14 $39.94 | ▼ −2.04% | ▼ −1.57% | $37.79 (+3.45%) |
Jul 1, 2026 13w ago | 8-K | $42.07 $40.82 | ▼ −2.97% | ▼ −3.23% | $37.79 (−10.17%) |
Jun 3, 2026 17w ago | 8-K | $35.78 $38.07 | ▲ +6.40% | ▲ +10.22% | $37.79 (+5.62%) |
May 8, 2026 21w ago | EFFECT | $36.84 $35.73 | ▼ −3.02% | ▼ −4.49% | $37.79 (+2.57%) |
Apr 30, 2026 22w ago | 8-K | $36.55 $36.97 | ▲ +1.16% | ▼ −0.57% | $37.79 (+3.40%) |
Apr 23, 2026 23w ago | DEFA14A | $36.24 $36.06 | ▼ −0.49% | ▼ −1.97% | $37.79 (+4.28%) |
Mar 27, 2026 27w ago | 10-K/A | $32.75 $34.63 | ▲ +5.75% | ▲ +1.89% | $37.79 (+15.40%) |
Feb 26, 2026 31w ago | 8-K | $34.02 $32.99 | ▼ −3.02% | ▼ −1.89% | $37.79 (+11.09%) |
US Market Status
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