ARROW FINANCIAL CORP

Arrow is a bank holding company that primarily owns and oversees Arrow Bank National Association and its subsidiaries. As of December 31, 2025, Arrow Bank had total assets of $4,421,212 thousand and operated 38 bank branches. The company also indirectly owns an insurance agency with 9 offices, a registered investment adviser, and a REIT. Arrow Bank's main office is located at 250 Glen Street, Glens Falls, NY. Arrow provides a broad range of commercial and consumer banking and financial products. Its deposit base comes mainly from the communities it serves. The company focuses its lending activities on consumers and small- to mid-sized companies within its regional geographic area. Additionally, Arrow sources consumer loans through an indirect lending program with an extensive network of automobile dealers across New York and Vermont. Through its trust operations, Arrow Bank offers retirement planning, trust and estate administration services for individuals, and pension, profit-sharing, and employee benefit plan administration for corporations. Arrow Bank's lending activities include commercial and industrial loans primarily to small and mid-sized companies, mortgage lending for residential and commercial properties, and consumer installment and home equity financing. As of December 31, 2025, Arrow had 578 full-time equivalent employees, with 40 employees in its insurance agency subsidiary.