Arrow Financial Corporation (AROW)

22.96 +0.29 (+1.28%) At close: 04:00PM EDT

Arrow Financial Corporation

250 Glen Street
Glens Falls, NY 12801
United States
518 745 1000
https://www.arrowfinancial.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 537

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David S. DeMarco	CEO, President & Director	752.24k	N/A	1962
Mr. David D. Kaiser	Senior Executive VP & Chief Credit Officer	476.03k	N/A	1961
Mr. Andrew J. Wise	Senior Executive VP, Chief Risk Officer & Company Secretary	483k	N/A	1967
Mr. Penko Krassimir Ivanov CPA, M.B.A.	Senior EVP, CFO, Chief Accounting Officer & Treasurer	469.33k	N/A	1969
Mr. Michael Jacobs	Executive VP & Chief Information Officer	N/A	N/A	1971
Ms. Brooke Pancoe	Senior EVP & Chief Human Resources Officer	N/A	N/A	1986
Annette Reitano	Senior VP and Director of Marketing & Communications of Glen Falls	N/A	N/A	N/A
Mr. Marc Yrsha	Senior EVP & Chief Banking Officer	N/A	N/A	1979

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and enhancement to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program. Further, the company provides retirement planning, trust, and estate administration services for individuals, as well as pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. It operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.

Corporate Governance

Arrow Financial Corporation’s ISS Governance QualityScore as of April 1, 2024 is 8. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 9; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.