Arrow Financial Corporation (NasdaqGS: AROW) announced on September 10, 2026, that Upstate Agency, LLC, a subsidiary of Arrow Bank National Association, has entered into a definitive agreement to acquire Skene Valley Agency, Inc.
The transaction involves the acquisition of an independent insurance agency located in Washington County, New York. Skene Valley Agency, founded in 2002 with satellite operations in Whitehall and Cambridge, will merge with and into Upstate Agency following the sale.
Arrow stated that the sale is targeted to close by the end of the third quarter of 2026. The acquisition is expected to expand Upstate Agency’s operations in Washington County and enhance its personal and business insurance solutions.
David S. DeMarco, President and CEO of Arrow Financial Corporation, commented on the deal, stating that it is a strategic growth opportunity to deepen Upstate Agency’s presence in Washington County. He noted that the move aligns with the company’s history of meeting diverse financial needs and its commitment to growing the Arrow Family of Companies.
John Hoagland, President of Skene Valley Agency, expressed excitement about the merger, citing a shared mission and the opportunity to combine local expertise with the added resources and capabilities of Upstate Agency.
Arrow Financial Corporation is a bank holding company headquartered in Glens Falls, New York, providing banking, insurance, and wealth management services. Arrow Bank, the company’s full-service commercial bank, is celebrating its 175th anniversary throughout 2026.
