The Vanguard Group's 13G Filing for Arrow Financial Corp

The Vanguard Group has filed a Schedule 13G with the SEC, disclosing its ownership of 5.23% of Arrow Financial Corp's common stock, amounting to 872,184 shares. The filing indicates that The Vanguard Group has shared voting power over 7,363 shares and sole dispositive power over 859,685 shares. The shares are held by The Vanguard Group's clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts. The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing the control of the issuer. The filing was signed by Ashley Grim, Head of Global Fund Administration, on behalf of The Vanguard Group.