<SEC-DOCUMENT>0000717538-20-000105-index.html : 20200508
<SEC-HEADER>0000717538-20-000105.hdr.sgml : 20200508
<ACCEPTANCE-DATETIME>20200508094451
ACCESSION NUMBER:		0000717538-20-000105
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20200508
DATE AS OF CHANGE:		20200508
EFFECTIVENESS DATE:		20200508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW FINANCIAL CORP
		CENTRAL INDEX KEY:			0000717538
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				222448962
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-238096
		FILM NUMBER:		20859041

	BUSINESS ADDRESS:	
		STREET 1:		250 GLEN ST
		CITY:			GLENS FALLS
		STATE:			NY
		ZIP:			12801
		BUSINESS PHONE:		5184154299

	MAIL ADDRESS:	
		STREET 1:		250 GLEN STREET
		CITY:			GLENS FALLS
		STATE:			NY
		ZIP:			12801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARROW BANK CORP
		DATE OF NAME CHANGE:	19900710
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>forms-8arrow2019directorss.htm
<DESCRIPTION>S-8
<TEXT>
Document 1 - file: forms-8arrow2019directorss.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ex51opinionofthompsoncobur.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
Document 2 - file: ex51opinionofthompsoncobur.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15
<SEQUENCE>3
<FILENAME>ex15-awarenessletterx2019d.htm
<DESCRIPTION>EXHIBIT 15
<TEXT>
Document 3 - file: ex15-awarenessletterx2019d.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>ex231consentofkpmg-2019dir.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
Document 4 - file: ex231consentofkpmg-2019dir.htm

</DOCUMENT>
</SEC-DOCUMENT>