GLENS FALLS, N.Y. (June 19, 2018) -- Arrow Financial Corporation (NasdaqGS® – AROW) was included for the eighth consecutive year on American Banker’s “Midtier Performers” list, ranking 31th out of more than 200 financial institutions. It is one of only three New York banks, and the only one from the Capital Region, to appear in the top 50.
The list, published in a recent edition of the magazine, ranked 237 public and private companies with assets between $2 billion and $10 billion based on their three-year average returns on equity. Arrow had a three-year ROAE of 11.93%.
For more information, the complete article can be viewed online at americanbanker.com. The analysis, which was based on data from SNL Financial, was performed by Washington, D.C. management consulting firm Capital Performance Group.
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., and Upstate Agency, LLC, an insurance agency that specializes in personal and business insurance, as well as group health and employee benefits.