Executive Team
Meet Arrow Financial Corporation's Executive Leadership Team:
David S. DeMarco, age 64, is President and Chief Executive Officer of Arrow Financial Corporation and
Arrow Bank. Mr. DeMarco joined the Company in 1987 as a commercial lender…
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Penko K. Ivanov, age 57, is Senior Executive Vice President, Chief Financial Officer, Treasurer and
Chief Accounting Officer of Arrow Financial Corporation and Arrow Bank…
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Michael Jacobs, age 55, is Executive Vice President, Chief Information Officer of Arrow Financial
Corporation and Arrow Bank. Mr. Jacobs joined the Company in 2003…
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Brooke M. Pancoe, age 40, is Executive Vice President, Chief Human Resources Officer of Arrow
Financial Corporation and Arrow Bank. Ms. Pancoe joined the Company in 2018…
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Andrew J. Wise, age 59, is Senior Executive Vice President, Chief Risk Officer of Arrow Financial
Corporation and Arrow Bank. Mr. Wise joined the Company in 2016…
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Marc J. Yrsha, age 47, is Senior Executive Vice President, Chief Banking Officer of Arrow Financial
Corporation and Arrow Bank. Mr. Yrsha joined the Company in 2015…
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Board of Directors
Arrow Financial Corporation's Board of Directors consists of the 13 members listed below:
Chair of the Arrow Board since June 2024 and a Director since 2014. Managing Principal of JMZ
Architects and
Planners, PC, a Women-Owned Business Enterprise in Glens Falls, NY, since 2009.
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Director since 2026. Mr. Arcuri serves as Senior Vice President, Regional President of the Mohawk Valley for Arrow Bank.
He joined the company following Arrow Bank’s acquisition of Adirondack Bank, where he most recently
served as President and Chief Executive Officer.
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Vice-Chair of the Arrow Board and a Director since 2017. Founder of Behan Communications, Inc., a
public affairs and strategic communications firm advising chief executives across the Capital Region
since 1988.
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Director since 2021. Retired attorney with more than 30 years of legal experience, including advising
publicly traded companies on corporate governance and serving as former managing partner of the
Albany office of Bond, Schoeneck and King, PLLC.
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Director since November 2024. President of MLB Construction Services, LLC, with more than 45 years of
experience in construction management and operations oversight across more than 10 states.
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President and CEO of Arrow Financial Corporation and Arrow Bank. Joined the organization in 1987 as a
commercial lender and has served in positions of increasing responsibility for nearly four decades.
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Director since November 2024. Served as the seventh President of SUNY Adirondack from 2013 to 2025,
with prior leadership roles in enrollment management at Onondaga Community College and Cayuga
Community College.
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Director since November 2025. CEO and Co-Founder of Jahnel Group and InfoLink, and CEO of Logic
Technologies, all in Schenectady, NY. An entrepreneur and AI expert with over 25 years of
experience, Jahnel Group appeared on the Inc. 5000 for seven consecutive years.
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Director since 1989. President and CEO of Glens Falls Hospital from 1989 to 2013, now consulting on
nonprofit business planning and teaching at Siena College, Clarkson University Graduate School, and
UNC Chapel Hill.
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Director since November 2024. CEO of Proctors Collaborative, a performing arts organization in
Schenectady with regional subsidiaries including TheRep in Albany and Universal Preservation Hall in
Saratoga Springs.
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Director since 2017. CEO of Saratoga County Capital Resource Corporation. Former President and CEO of
Saratoga National Bank and Senior Vice President of Arrow Financial Corporation, bringing deep
knowledge of the organization and community banking.
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Director since 2013. Professor of economics and finance in the SUNY system, President of ESG
Analytics Group, former Mayor of Plattsburgh, and author of 12 books on global finance with a PhD
from Queen's University.
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Director since November 2024. Retired Managing Partner of KPMG's Albany offices and licensed CPA with
37 years serving financial services entities, including publicly traded bank holding companies and
community banks across the Northeast.
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