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Tuesday, December 1, 2009, 6:26PM ET - U.S. Markets Closed. Dow Up 1.23% Nasdaq Up 1.46%
Arrow Financial Corporation (AROW)At 4:00PM ET: 25.61  Up 0.33 (1.31%)  
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Arrow Financial Corporation
250 Glen Street
Glens Falls, NY 12801
United States - Map
Phone: 518-745-1000
Fax: 518-745-5513
Web Site: http://www.arrowfinancial.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:477

BUSINESS SUMMARY 
Arrow Financial Corporation operates as the holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that provide various banking products and services in the United States. It offers various deposit products, including regular savings, NOW, and money market deposit accounts, as well as time and demand deposits. The company’s loan portfolio comprises commercial and industrial loans primarily to small and midsized companies; mortgage loans for residential and commercial properties; and consumer installment and home equity financing. It also maintains an indirect lending program through its sponsorship of automobile dealer programs, under which it purchases dealer paper from dealers meeting pre-established specifications. In addition, the company provides trust administration and investment management services; pension, profit-sharing, and employee benefit plan administration services for corporations; and investment advisory services to its mutual funds. Further, it holds an insurance agency that specializes in group health and life insurance products. The company operates primarily in Warren, Washington, Saratoga, Essex, and Clinton counties and surrounding areas in northern New York State. As of December 31, 2008, it owned 27 branch offices, as well as leased 6 offices. The company was founded in 1851 and is headquartered in Glens Falls, New York.
Key Statistics

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    CORPORATE GOVERNANCE 
    Arrow Financial Corporation's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 17.2% of Russell 3000 companies and 29.3% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Thomas L. Hoy , 60
    Chairman, Chief Exec. Officer, Pres, Chief Exec. Officer of Glens Falls National Bank & Trust Company and Pres of Glens Falls National Bank & Trust Company
    $ 632.00K $ 315.00K
    Mr. Terry R. Goodemote CPA., 46
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Treasurer, Chief Financial Officer of Glens Falls National Bank & Trust Company, Exec. VP of Glens Falls National Bank & Trust Company, Treasurer of Glens Falls National Bank & Trust Company of Glens Falls National Bank & Trust Company
    $ 198.00K $ 0
    Mr. John J. Murphy , 57
    Consultant, Director of Glens Falls National Bank & Trust Company
    $ 21.00K $ 210.00K
    Mr. John C. Van Leeuwen , 65
    Consultant
    $ 106.00K $ 211.00K
    Mr. Raymond F. O'Conor ,
    Sr. VP, Chairman of Saratoga National Bank & Trust Company, Chief Exec. Officer of Saratoga National Bank & Trust Company and Pres of Saratoga National Bank & Trust Company
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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