This is a small, undisclosed-value insurance agency acquisition with no financial details provided. Monitor the next 10-Q for any material impact on non-interest income or goodwill, but no immediate trading action is warranted.
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Executive Summary
Arrow Financial Corporation announced via press release that its subsidiary, Upstate Agency, LLC, has entered into a definitive agreement to acquire Skene Valley Agency, Inc., an independent insurance agency in Washington County, New York. The acquisition is targeted to close by the end of the third quarter of 2026, and Skene Valley will merge into Upstate Agency, expanding its operations in Washington County. No financial terms of the deal were disclosed, making this a routine bolt-on acquisition for Arrow's insurance operations with no material financial impact reported.
Key Facts
- Upstate Agency, LLC, a subsidiary of Arrow Bank National Association, has entered into a definitive agreement to acquire Skene Valley Agency, Inc.
- Skene Valley Agency is an independent insurance agency based in Granville, New York, with satellite operations in Whitehall and Cambridge.
- The sale is targeted to close by the end of the third quarter of 2026.
- Following the completion of the sale, Skene Valley Agency will merge with and into Upstate Agency.
- No financial terms of the acquisition were disclosed in the filing.
Financial Impact
No financial terms disclosed; immaterial bolt-on acquisition for a $716M market cap bank.
Risk Factors
- Integration risk of a small agency into Upstate Agency's operations.
- Undisclosed purchase price could lead to modest goodwill if above book value.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000717538-26-000123 |
| Document: a20260910upstateacquisit.htm | 0000717538-26-000123 |
| Document: 0000717538-26-000123-index-headers.html | 0000717538-26-000123 |
| Document: 0000717538-26-000123-index.html | 0000717538-26-000123 |
| Document: 0000717538-26-000123.txt | 0000717538-26-000123 |
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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