The Board of Directors of Arrow Financial Corporation declared a quarterly cash dividend of $0.25 per share payable June 14, 2013, to shareholders of record June 3, 2013. This represents an increase of 2% over the cash dividend paid in the second quarter of 2012, as a result of the September 27, 2012, 2% stock dividend.

Arrow Financial Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest and dividend income of $15,996,000 compared to $17,938,000 a year ago. Net interest income was $13,757,000 compared to $14,406,000 a year ago. Income before provision for income taxes was $7,420,000 compared to $7,539,000 a year ago. Net income was $5,181,000 or $0.43 per basic and diluted common share compared to $5,288,000 or $0.44 per basic and diluted common share a year ago. Return on average assets was 1.03% compared to 1.09% a year ago. Return on average equity was 11.88% compared to 12.67% a year ago. Return on tangible equity was 13.97% compared to 15.07% a year ago. Book value per share was $14.80 compared to $14.04 a year ago. Tangible book value per share was $12.60 compared to $11.82 a year ago.

Arrow Financial Corporation, Annual General Meeting, May 01, 2013., at 10:00 Eastern Daylight. Location: Charles R. Wood Theater. Agenda: To consider the election of four class c directors to three-year terms and one class a director to a one-year term; to consider the approval of the arrow financial corporation 2013 long term incentive plan to succeed and replace the existing similar plan; to consider the approval of the arrow financial corporation 2013 directors' stock plan to succeed and replace the existing similar plan; to consider the ratification of the selection of KPMG LLP as its independent registered public accounting firm for 2013; and to consider the any other business that may properly come before the meeting, or any adjournment or postponement thereof.