January 28, 2010 (FinancialWire) — Arrow Financial Corp. (NASDAQ: AROW) on January 27, 2010 declared a quarterly cash dividend of $.25 per share, payable March 15, 2010 to shareholders of record March 3, 2010.

The move represents an increase of 3% over the cash dividend Arrow paid in the first quarter of 2009, as a result of a September 29, 2009 3% stock dividend.

New York-based Arrow Financial is a multi-bank holding company and the parent of Glens Falls National Bank and Trust Co. and Saratoga National Bank and Trust Co.

Other Arrow 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.

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