Arrow Financial (AROW) Approves $5M Stock Buyback Plan

October 26, 2016 4:40 PM EDT

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The Board of Directors of Arrow Financial Corporation (Nasdaq: AROW) on October 26, 2016, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2017, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 28, 2015, which expires December 31, 2016. Through October 17, 2016, the Company had repurchased approximately $495,000 of Company common stock under the existing program.

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