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Arrow Named to Forbes ‘Most Trustworthy Financial Companies’ List

Author: Blake Jones/Tuesday, July 18, 2017/Categories: News Release

GLENS FALLS, N.Y. (July 18, 2017) -- Arrow Financial Corporation (NasdaqGS® – AROW), the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, was recognized by Forbes as one of “America's 50 Most Trustworthy Financial Companies” for its accounting and governance practices.

This is the sixth consecutive year the Glens Falls-based company has received a “Most Trustworthy” designation from Forbes.

To create its “Most Trustworthy” list, Forbes enlisted MSCI ESG Research to evaluate nearly 700 publicly traded North American financial companies with a market cap of $250 million or more for the year ending December 2016. Factors considered as indicators of a company’s credibility included high-risk behaviors like regulatory actions, amended filings, revenue and expense recognition methods, and bankruptcy risk.

The complete article can be viewed here.

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.

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