ARROW FINANCIAL CORP — Form 8-K/A
Filed September 14, 2026 · analyzed by the 8-K Agent
8-K/A
— Neutral
significance 58/100
What the filing says
Arrow Financial Corporation completed its acquisition of Adirondack Bancorp, Inc. on July 1, 2026 under an Agreement and Plan of Merger dated February 25, 2026. Each Adirondack share converted to 1.8610 Arrow shares plus $18.72 cash per share, totaling ~$101.1M consideration. The transaction creates $46.6M in goodwill and $16.4M in core deposit intangibles; combined entity has pro forma assets of $5.55B (March 31, 2026) and pro forma net income of $47.1M for full-year 2025.
Why this rating
Moderate deal (~24% of Arrow's $426M market cap); material M&A but no going-concern issues, leadership upheaval, or transformational strategic pivot evident from filing. Accretive earnings expected post-integration.
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