ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

Paloma Partners Management Co's Holding History (CIK: 0001103882)

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

Q4 2013

Shares 13,848 Value ($000) $368 Avg Close $14.45 Range $13.66 - $15.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	13,848	$368	$14.45	$13.66 - $15.39