GLENS FALLS, N.Y. (Oct. 4, 2016) -- Arrow Financial Corporation (NasdaqGS® – AROW) was recently recognized in Bank Director Magazine’s annual “Bank Performance Scorecard” as one of the top-performing banks in the country.
Arrow Financial Corporation ranked tied for 37th out of the top 166 U.S. banks with $1 billion to $5 billion in assets, based on profitability, capitalization and asset quality. It earned the highest ranking among its peers in New York State.
As in previous years, Sandler O’Neill constructed the rankings using 2015 financial data. The Bank Director Scorecard was published in the magazine’s third-quarter 2016 edition; it can be found online at bankdirector.com.
Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc.; two property and casualty insurance agencies: McPhillips Insurance Agency, which is a division of Glens Falls National Insurance Agencies, LLC, and Upstate Agency, LLC; and Capital Financial Group, Inc., an insurance agency specializing in the sale and servicing of group health plans.