EX 23 Consent

We consent to the incorporation by reference in the registration statements, Forms S-3 (No. 333-169121 and No. 333-175236) and S-8 (No. 333-62719, No. 333-151209 and No. 333-151550) of Arrow Financial Corporation and subsidiaries of our reports dated March 13, 2012, with respect to the consolidated balance sheets of Arrow Financial Corporation and subsidiaries as of December 31, 2011 and 2010, and the related consolidated statements of income, comprehensive income, changes in shareholders' equity and cash flows for each of the years in the three-year period ended December 31, 2011, and the effectiveness of internal control over financial reporting as of December 31, 2011, which reports appear in the December 31, 2011 annual report on Form 10-K of Arrow Financial Corporation.