ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

MALTESE CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001040762)

Note: Option positions (PUT/CALL) are excluded.

Q3 2018

Shares 9,345 Value ($000) $346 Avg Close $26.79 Range $25.00 - $27.68

Q2 2018

Shares 22,700 Value ($000) $826 Avg Close $24.88 Range $22.50 - $26.27

Q1 2018

Shares 15,000 Value ($000) $509 Avg Close $22.92 Range $20.95 - $24.18

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	9,345	$346	$26.79	$25.00 - $27.68
Q2 2018	22,700	$826	$24.88	$22.50 - $26.27
Q1 2018	15,000	$509	$22.92	$20.95 - $24.18