Arrow Financial Corporation Buyback
OLI recorded this information on 10/27/2017
Company:
Arrow Financial Corporation
Buyback:
AROW buyback
$Amount Authorized:
$5,000,000
Buyback Details:
The Board of Directors of Arrow Financial Corporation (Nasdaq-GS: AROW) on October 25, 2017, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the 12-month period starting January 1, 2018, in open market or negotiated transactions. This new repurchase program will replace the existing $5 million repurchase program authorized on October 26, 2016, which expires December 31, 2017. Through October 16, 2017, the Company had repurchased approximately $2.1 million of Company common stock under the existing program.
Arrow Financial is a bank holding company. Through its subsidiaries, Co. provides a range of commercial and consumer banking and financial products. The deposit base consists of deposits derived principally from the communities served. Through the banks' trust operations, Co. provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations. Co. engages in a range of lending activities, including commercial and industrial lending primarily to small and mid-sized companies; mortgage lending for residential and commercial properties; and consumer installment and home equity financing.
AROW SEC Filing Email Alerts Service
Open the AROW Page at The Online Investor »
|
Open the AROW Page at The Online Investor (in a new window) »
Free AROW Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: AROW Stock Forecast Based on Zacks ABR data; powered by Xignite |