On January 20, 2017, Arrow Financial Corporation issued a press release containing unaudited financial information and accompanying discussion for the year-to-date period ended December 31, 2016>. A copy of this press release is furnished as Exhibit 99 to this report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

Exhibits:

Exhibit No. Description

Exhibit 99 Arrow Financial Corporation Press Release dated January 20, 2017.

About ARROW FINANCIAL CORPORATION (NASDAQ:AROW)

Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company’s business consists primarily of the ownership, supervision and control of its approximately two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks’ trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.

ARROW FINANCIAL CORPORATION (NASDAQ:AROW) Recent Trading Information

ARROW FINANCIAL CORPORATION (NASDAQ:AROW) closed its last trading session up +0.60 at 37.10 with 21,134 shares trading hands.