GLENS
FALLS, N.Y., Jan. 2, 2025
/PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® -
AROW) today announced that its subsidiary, Glens Falls National
Bank and Trust Company has unified with its affiliate bank,
Saratoga National Bank and Trust Company, and the resulting bank
has legally changed its name to Arrow Bank National Association, or
Arrow Bank.
This strategic unification simplifies the bank's brand identity,
strengthens its market presence and better positions the bank for
future growth while maintaining the same local, personalized
service that's been its hallmark. Behind Arrow Bank's new name are
the same great people and the same trusted services its customers
have come to know and expect. The leadership team will remain
unchanged, ensuring stability and continuity. Customers can
continue to use all the same bank branch locations, and staffing
will not be affected. Arrow Bank will start rolling out new
branding in January, including updates to bank signage and other
materials.
"This unification marks a significant step forward in aligning
our mission, vision and values across all areas of our business,"
said David S. DeMarco, President and
CEO of Arrow Financial Corporation. "While our brand evolves, our
unwavering commitment to quality service, trusted relationships and
community engagement remains unchanged. I'd like to thank the Arrow
team for their dedication and hard work in bringing us to this
milestone and for their continued efforts as we move forward
together."
With a proud history dating back to Glens Falls National Bank's
founding in 1851 and Saratoga National Bank's formation in 1988,
this unification honors the legacy and strengths of the bank's
individual brands, combining their rich histories into a single,
cohesive identity. Arrow Bank will continue to grow while honoring
its history and deep local roots. Under its new name, Arrow Bank
remains part of Arrow Financial Corporation, a publicly traded
company headquartered in Glens Falls, New
York.
Arrow Bank operates 38 branches in northeastern New York, stretching from Albany to Clinton counties. Arrow Financial Corporation
currently has an asset size of approximately $4.4 billion and more than 550 employees.
For more information and to stay up to date, please visit
arrowbank.com
About Arrow Financial Corporation:
Arrow Financial
Corporation (NasdaqGS® - AROW) is a holding company headquartered
in Glens Falls, New York, serving
the financial needs of northeastern New
York. The Company is the parent of Arrow Bank National
Association, a full-service commercial bank, and Upstate Agency,
LLC, a comprehensive insurance agency. Other subsidiaries include
North Country Investment Advisers, Inc.
The information in this release 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 obliged 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