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Draft:Arrow Bank

From Wikipedia, the free encyclopedia

Arrow Bank

[edit]

Arrow Bank® National Association, commonly known as Arrow Bank, is headquartered in Glens Falls, New York. It is the principal banking subsidiary of Arrow Financial Corporation, a publicly traded banking holding company (NasdaqGS® – AROW).

Arrow Bank provides consumer and commercial banking services, including checking and savings accounts, residential and commercial lending, business banking and wealth management services. Following Arrow’s acquisition of Adirondack Bancorp, Inc. in 2026, the bank’s branch network expanded into additional markets in northeastern and central New York.[1][2][3]

Upstate Agency, LLC, an insurance agency subsidiary of Arrow Bank, provides personal and commercial insurance and employee benefits.

History

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Arrow Bank traces its origins to 1851, when Glens Falls Bank was established in Glens Falls, New York.

  • In 1932, the financial institution was renamed Glens Falls National Bank and Trust Company.
  • In 1951, the bank moved its headquarters to 250 Glen Street in Glens Falls.
  • In 1983, Arrow Financial Corporation was formed as the bank’s holding company.
  • In 1995, Saratoga National Bank and Trust Company was formed, expanding its banking operations into Saratoga County.
  • In 2000, Arrow acquired an insurance agency, which later became part of Upstate Agency, LLC.
  • In 2018, Arrow consolidated its insurance operations under the Upstate Agency name.
  • In 2024, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company were unified under a single national bank charter and began operating as Arrow Bank National Association, with a network of 38 branches.[4][5][6][7][8][9][10][11]
  • On July 1, 2026, Arrow Financial Corporation completed its acquisition of Adirondack Bancorp, Inc., the parent company of Adirondack Bank.[12][13][14][15][16] The transaction added approximately $1 billion in assets and 19 branch locations. The combined company has approximately $5.4 billion in total assets[17], $4.8 billion in total deposits and $4.1 billion in gross loans (based on financial information as of March 31, 2026). The acquisition expanded Arrow Bank’s presence into Oneida, Herkimer and Franklin counties while expanding its operations in Essex and Clinton counties.[18][19][20][21][22][23][24][25]

Operations

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Arrow Bank provides consumer and commercial banking services, including:

  • Deposit accounts
  • Residential mortgage and home equity lending
  • Consumer lending
  • Commercial banking and lending
  • Wealth management
  • Retirement planning
  1. ↑ Nathan, Luke (February 26, 2026). "Arrow Financial Corp. to acquire bank in $89M deal". Albany Business Review. Retrieved September 23, 2026.
  2. ↑ Nathan, Luke (June 2, 2026). "Arrow Financial Corp. acquisition of Utica-based bank gets key approval". Albany Business Review. Retrieved September 23, 2026.
  3. ↑ Arrow Financial Corporation. "Form 8-K: Current Report (Agreement and Plan of Merger". U.S. Securities and Exchange Commission. Retrieved September 23, 2026.
  4. ↑ Rizzo, Sara (July 24, 2026). "Two Capital Region banks to merge, change names". NEWS10 ABC Albany. Archived from the original on July 25, 2024. Retrieved September 23, 2026.
  5. ↑ Goot, Michael (January 9, 2026). "Glens Falls National Bank, Saratoga National Bank merge to form Arrow Bank". WNYT.com NewsChannel 13. Retrieved September 23, 2026.
  6. ↑ Ellse Campbell, Susan (August 19, 2024). "Arrow Financial Corp Unifies Glens Falls And Saratoga National Banks Into Single Entity". Glens Falls Business Journal. Retrieved September 23, 2026.
  7. ↑ Nathan, Luke (January 2, 2025). "Arrow Financial's banks have merged". Albany Business Review. Retrieved September 23, 2026.
  8. ↑ Rulison, Larry (July 24, 2025). "Arrow Financial grows earnings after merger, new name". Albany Times Union. Retrieved September 23, 2026.
  9. ↑ Reynolds, Maggie (July 24, 2024). "Glens Falls-based Arrow Bank announces merger of subsidiary banks". Gazette News Group, Inc. Retrieved September 23, 2026.
  10. ↑ Nathan, Luke (June 25, 2024). "Arrow Financial Corp. seeks to combine its banks under new name". Albany Business Review. Retrieved September 23, 2026.
  11. ↑ Arrow Financial Corporation (January 2, 2025). "Arrow Financial Unifies Banking Subsidiaries and Rebrands as Arrow Bank". Retrieved September 23, 2026.
  12. ↑ Dahlmann, Greg (July 2, 2026). "Arrow's acquisition of Mohawk Valley bank is now a done deal". Albany Business Review. Retrieved September 23, 2026.
  13. ↑ Arrow Financial Corporation (July 1, 2026). "Arrow Financial Corporation Completes Strategic Acquisition of Adirondack Bancorp, Inc". Archived from the original on September 10, 2026. Retrieved September 23, 2026.
  14. ↑ Ferris, Joleen (July 1, 2026). "It's Official: Adirondack Bank is Now Arrow Bank". WKTV NewsChannel2. Retrieved September 23, 2026.
  15. ↑ Lewis, Zach (February 27, 2026). "UPDATED: Arrow Financial Acquires Adirondack Bank; Name Will Change Pending Approval". WKTV NewsChannel2. Retrieved September 23, 2026.
  16. ↑ Lewis, Zach (June 2, 2026). "Arrow Financial Corporation and Adirondack Bank Merger Approved". WKTV NewsChannel2. Retrieved September 23, 2026.
  17. ↑ Caputo, Thomas (February 26, 2026). "Adirondack Bank to merge with Arrow Bank creating $5.4B institution". Rome Daily Sentinel. Retrieved September 23, 2026.
  18. ↑ Caputo, Thomas (July 1, 2026). "Adirondack Bank begins new chapter as Arrow Bank". Rome Daily Sentinel. Retrieved September 23, 2026.
  19. ↑ Frost, Mart (March 5, 2026). "Arrow Financial buying Utica-based Adirondack Bank for $90-million | Glens Falls Chronicle". Glens Falls Chronicle. Retrieved September 23, 2026.
  20. ↑ "Adirondack Bank to merge with Capital Region bank company". WUTR/WFXV – CNYhomepage.com. February 26 2026. Archived from the original on March 7, 2026. Retrieved September 23, 2026. {{cite news}}: Check date values in: |date= (help)
  21. ↑ Hudy, Stan (February 26, 2026). "Glens Falls' Arrow Bank announces merger with Utica's Adirondack Bank". Gazette News Group, Inc. Retrieved September 23, 2026.
  22. ↑ Post, Post (March 16, 2026). "Arrow Financial Plans Acquisition Of Adirondack Bancorp In $89 Million Deal". Saratoga Business Journal. Retrieved September 23, 2026.
  23. ↑ Rulison, Larry (February 27, 2026). "Arrow Bank buying Utica bank with deep Adirondack ties". Albany Times Union. Retrieved September 23, 2026.
  24. ↑ Keeler, Bill (February 26, 2026). "Breaking: Adirondack Bank to be Sold to Arrow Financial". WIBX 950. Retrieved September 23, 2026.
  25. ↑ Caputo, Thomas (June 2, 2026). "Arrow, Adirondack banks receive federal approval for merger". Rome Daily Sentinel. Retrieved September 23, 2026.