<SEC-DOCUMENT>0000717538-23-000261-index.html : 20231207
<SEC-HEADER>0000717538-23-000261.hdr.sgml : 20231207
<ACCEPTANCE-DATETIME>20231207171333
ACCESSION NUMBER:		0000717538-23-000261
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20231207
DATE AS OF CHANGE:		20231207
EFFECTIVENESS DATE:		20231207

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:	333-275936
		FILM NUMBER:		231473131

	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>arow-formsx8x2023espp.htm
<DESCRIPTION>S-8
<TEXT>
Document 1 - file: arow-formsx8x2023espp.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>ex107_s-8xesppxdecx2023.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
Document 2 - file: ex107_s-8xesppxdecx2023.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.9
<SEQUENCE>3
<FILENAME>ex49-dec2023esppplandocume.htm
<DESCRIPTION>EX-4.9
<TEXT>
Document 3 - file: ex49-dec2023esppplandocume.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>4
<FILENAME>ex51-opinionofthompsoncobu.htm
<DESCRIPTION>EX-5.1
<TEXT>
Document 4 - file: ex51-opinionofthompsoncobu.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15
<SEQUENCE>5
<FILENAME>ex15arow2023s-8espp.htm
<DESCRIPTION>EX-15
<TEXT>
Document 5 - file: ex15arow2023s-8espp.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>6
<FILENAME>ex231-consentofkpmg.htm
<DESCRIPTION>EX-23.1
<TEXT>
Document 6 - file: ex231-consentofkpmg.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>ex107_s-8xesppxdecx2023001.jpg
<TEXT>
Document 7 - file: ex107_s-8xesppxdecx2023001.jpg

</DOCUMENT>
</SEC-DOCUMENT>