The Board of Directors of Arrow Financial Corp. has declared a quarterly cash dividend of 25 cents per share payable March 14, 2014 to shareholders of record March 3, 2014. This represents an increase of 2 percent over the cash dividend paid in the first quarter of 2013, as a result of the 2 percent stock dividend of Sept. 27, 2013.

Arrow Financial Corp. is a multibank holding company headquartered in Glens Falls, serving the financial needs of northeastern New York. The company is the parent of Glens Falls National Bank and Trust Co. and of Saratoga National Bank and Trust Co. Other subsidiaries include North Country Investment Advisers, as well as three property and casualty insurance agencies: Loomis & LaPann; McPhillips Insurance Agency, which is a division of Glens Falls National Insurance Agencies; and Upstate Agency. Capital Financial Group, an insurance agency specializing in the sale and servicing of group health plans, is also a subsidiary.

--Jennie