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Arrow Financial expands with Whitehall branch acquisition By

© Reuters.

GLENS FALLS, N.Y. – Arrow Financial (NASDAQ:) Corporation (NASDAQ:AROW) has announced that its subsidiary, Glens Falls National Bank and Trust Company, will acquire a branch from Berkshire Bank, owned by Berkshire Hills (NYSE:) Bancorp, Inc. (NYSE:BHLB), located at 184 Broadway, Whitehall, New York.

The transaction is expected to conclude by the end of the third quarter of 2024, pending standard regulatory approvals.

This acquisition will bring Glens Falls National Bank’s total branches in Washington County to nine. The Whitehall branch holds deposit accounts and loans with aggregate balances of approximately $39 million and $3 million, respectively.

The deal includes the branch premises and most of the personal property and equipment. Employees at the Whitehall branch will be offered positions within the Arrow Family of Companies.

Dave DeMarco, President and CEO…

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