EX-15.1 3 arow2017s-3esppexhibit151.htm EXHIBIT 15.1
Exhibit 15.1
August 9, 2017
The Board of Directors and Shareholders
Arrow Financial Corporation
Glens Falls, New York
Re: Registration Statement on Form S-3 related to the Arrow Financial Corporation 2011 Employee Stock Purchase Plan
With respect to the subject registration statement, we acknowledge our awareness of the use therein of our reports dated May 9, 2017 and August 8, 2017 related to our review of the interim financial information.
Pursuant to Rule 436 under the Securities Act of 1933 (the Act), such report is not considered part of a registration statement prepared or certified by an independent registered public accounting firm, or a report prepared or certified by an independent registered public accounting firm within the meaning of Sections 7 and 11 of the Act.
/s/ KPMG LLP
Albany, New York