Berkshire Hills Bancorp agrees to sell 10 branches in New York [Seeking Alpha]
Arrow Financial Corporation (AROW)
Last arrow financial corporation earnings: 4/24 07:32 am
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US:NASDAQ Investor Relations:
arrowfinancial.com/shareholders/investor-faqs
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Source: Seeking Alpha
Hudson Valley Credit Union is buying eight branches in Albany, Saratoga, Schenectady, and Columbia counties, Glens Falls National Bank and Trust Company is purchasing one location in Whitehall and Pathfinder Bank is acquiring one in East Syracuse. "The proposed sales will concentrate our overall geographic footprint and lower our expense run rate, while strengthening focus in our core New York markets," said CEO Nitin Mhatre. The transactions include $485.5M in deposits, $60.5M of related residential mortgage and consumer loans along with all branch premises and equipment. The sales exclude the company's commercial banking banking business. The sales, which are targeted for completion by the end of Q4, reduce Berkshire's overall branch footprint to 86 from 96. "These transactions allow us to exit these branches without incurring severance or real estate costs while reducing expenses and contributing positively to our long-term profitability," Chief Financial Officer David Ros
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AROW
News
- Arrow Financial Co. (NASDAQ: AROW) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Institutions own 37% of Arrow Financial Corporation (NASDAQ:AROW) shares but individual investors control 50% of the company [Yahoo! Finance]Yahoo! Finance
- Arrow Financial Full Year 2023 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Arrow Announces Acquisition of Whitehall, N.Y. BranchPR Newswire
- Arrow Financial Insiders Added US$781.6k Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
AROW
Earnings
- 2/1/24 - Miss
AROW
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- AROW's page on the SEC website