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Penko K. Ivanov

Penko K. Ivanov, 55, is Senior Executive Vice President, Chief Financial Officer, Treasurer and Chief Accounting Officer of Arrow Financial Corporation and its two subsidiary banks, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Mr. Ivanov joined Arrow in 2023 with more than 30 years of experience in Financial Planning and Analysis, Controllership, Financial Reporting, Treasury and Compliance with Sarbanes-Oxley Act of 2002. Mr. Ivanov previously served as CFO for Bankwell Financial Group, helping it almost double in size over six-plus years to $3.3 billion in total consolidated assets. He has held CFO positions at Darien Rowayton Bank and for Doral Bank’s U.S. Operations. He began his career with Ernst & Young and held accounting/ finance positions at PepsiCo, GE Capital and Bridgewater Associates. Mr. Ivanov holds an MBA and bachelor’s degree in accounting and finance from the University of South Florida. He is also Six Sigma Black Belt certified.