Arrow Financial Corp. President
and CEO Thomas J. Murphy announced a
2 percent stock dividend was declared on
Aug. 28, and will be distributed on Sept. 27.
Shareholders of record on Sept.19 will
receive two additional shares of Arrow common
stock for every 100 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 is the parent of Glens
Falls National Bank and Trust Co. and
Saratoga National Bank and Trust Co.