David S. DeMarco, age 61, was appointed as a Director of the Company by the Board on July 26, 2023; he has been a Director of Saratoga National Bank and Glens Falls National Bank since December 2012 and April 2022, respectively. On May 13, 2023, he was named President and CEO of Arrow and Glens Falls National Bank. In 2012, he was named President and CEO of Saratoga National Bank and continues to serve in that role. Mr. DeMarco joined the Company in 1987 as a commercial lender and has served in positions of increasing responsibility within the organization. Prior positions in the Company include Executive Vice President and Head of the Branch, Corporate Development, Financial Services & Marketing Division of Glens Falls National Bank (2003–2012), Senior Vice President of Arrow (2009–2022), Executive Vice President and Chief Banking Officer of Glens Falls National Bank (2018–2023) and Senior Executive Vice President (2022–2023). He holds a bachelor’s degree in finance from the University of Texas at Austin. Mr. DeMarco is also a graduate of the Stonier Graduate School of Banking. He sits on the boards of The Independent Bankers Association of New York State (IBANYS) and various non-profits dedicated to healthcare and economic development.