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 community banking services in Utica, supporting deposit, lending, and local customer relationships that fit Arrow Financial’s financial services footprint. Arrow Financial acquisitions in NY focus on expanding branch presence and strengthening core banking capabilities through merger acquisition activity. The strategic acquisition is structured as a merger acquisition and is part of broader financial services M&A, with the registration statement filed as an S-4/A amendment dated May 5, 2026.