GLENS
FALLS, N.Y., June 6, 2024
/PRNewswire/ -- The Board of Directors (the "Board") of Arrow
Financial Corporation (the "Company" or "Arrow") (NasdaqGS® - AROW)
is pleased to announce that it has unanimously voted to appoint
Tenée R. Casaccio as the new Chair of the Arrow Board of Directors,
effective June 5, 2024. This
appointment by the Board of Directors follows the retirement of the
former Board Chair, William L. Owens,
Esq., upon the mandatory retirement age of directors as
stipulated in the Company's bylaws.
Casaccio has been a director of the Company since January 2014 and has also served as a director of
Arrow's banking subsidiaries, Glens Falls National Bank and Trust
Company and Saratoga National Bank and Trust Company since 2010 and
April 2022, respectively. During that
time, she chaired the Wealth Management Committee, played a vital
role on the Governance Committee of the Board and served as a
director of Arrow's insurance subsidiary, Upstate Agency, LLC.
Casaccio is the first woman to chair the Arrow Board.
A member of the American Institute of Architects, Casaccio is
the President of JMZ Architects and Planners, P.C. ("JMZ") an
established Women-Owned Business Enterprise specializing in higher
education planning and design based in Glens Falls, New York. In her three decades at
JMZ, Casaccio's leadership has been instrumental in establishing
long-term relationships with institutional clients. Under her
guidance, JMZ has expanded its reach beyond New York state, completing projects on 110
college campuses in 15 states. The firm has earned numerous design
awards and recognition as one of the region's Best Places to Work.
Today, JMZ stands as the third-largest architecture firm in
New York State's Capital Region
based on revenue.
"On behalf of the Board, we are pleased to welcome Tenée as
our new Board Chair," said David S.
DeMarco, President and CEO of Arrow and a member of the
Arrow Board. "Her significant executive experience, strong
understanding of the New York
business climate and collaborative leadership style will guide our
Arrow Family of Companies toward future growth."
Casaccio said, "I am honored to serve as the new Board Chair of
Arrow, particularly as we continue to foster a positive,
contemporary culture throughout the organization. Arrow is poised
to reach new heights of success and I am excited about the
future."
A native of Bolton Landing, New
York, Casaccio has been active in the Glens Falls community her entire career. She
is a former member of the board and Chair of the Adirondack
Regional Chamber of Commerce and The Hyde Collection art museum.
She has held positions on the boards of the Warren County
Industrial Development Agency, Warren County Economic Development
Corporation and Glens Falls Hospital. She is a trustee of the
Charles R. Wood Foundation.
Arrow Financial Corporation (NasdaqGS® - AROW) is a multi-bank
holding company headquartered in Glens
Falls, New York, serving the financial needs of northeastern
New York. The Company is the
parent of Glens Falls National Bank and Trust Company and Saratoga
National Bank and Trust Company. Other subsidiaries include North
Country Investment Advisers, Inc., and Upstate Agency, LLC,
specializing in property and casualty insurance and group health
and employee benefits.
The information in this document may contain statements based on
management's beliefs, assumptions, expectations, estimates and
projections about the future. Such "forward-looking statements," as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended, involve a degree of uncertainty and attendant risk. Actual
outcomes and results may differ, explicitly or by implication. We
are not obligated to revise or update these statements to reflect
unanticipated events. This document should be read in conjunction
with Arrow's Annual Report on Form 10-K for the year ended
December 31, 2023 and other filings
with the Securities and Exchange Commission.
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SOURCE Arrow Financial Corporation