GLENS FALLS, N.Y., Jan. 21 /PRNewswire-FirstCall/ -- Arrow Financial Corporation (Nasdaq: AROW) on January 21 declared a quarterly cash dividend in the amount of $.25 per share payable March 13, 2009 to shareholders of record March 3, 2009.

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, NY serving the financial needs of northeastern New York. Arrow is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc. and Capital Financial Group, Inc., an insurance agency specializing in the sale and servicing of group health plans.

SOURCE Arrow Financial Corporation