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Thomas L. Hoy

Thomas L. Hoy, age 74, has been a Director of the Company since 1996 and a Director of Glens Falls National Bank and Saratoga National Bank, as part of the “Mirror Board,” since 1994 and 2022 respectively. He was Arrow Board Chair from 2004 to 2023, President of the Company from 1996 to 2012, and CEO from 1997 until his retirement at the end of 2012. In addition, Mr. Hoy was President of Glens Falls National Bank from 1995 to 2011. Mr. Hoy’s nearly five-decade career with our organization started in 1974 as a management trainee and included various roles in Glens Falls National Bank’s Trust and Investment Division. He also has served on the Federal Home Loan Bank of New York Board of Directors since 2011. Mr. Hoy holds a bachelor’s degree from Cornell University. His expertise in the banking, investment and financial services industries was of great value to the Company.