Adirondack Bancorp Acquired by Arrow Financial | Financial Services M&A Deal

Arrow Financial has acquired Adirondack Bancorp, a banking business in New York, for $89.1 million. Adirondack Bancorp operates as a community-focused financial services provider serving customers in Utica and across New York, supporting deposit and lending activities. Arrow Financial acquisitions in the banking sector aim to expand its footprint and strengthen its presence in NY acquisitions through merger acquisition synergies. The strategic acquisition is structured as a merger acquisition and is part of broader financial services M&A, with the deal announced and sized in the $50M–$100M range.