GLENS FALLS, N.Y., Aug. 16, 2017 /PRNewswire/ -- Today Arrow
Financial Corporation (NasdaqGS® – AROW) announced
Edward J. Campanella will join the
company as Senior Vice President, Treasurer and Chief Financial
Officer for Arrow, and Executive Vice President and Chief Financial
Officer for the Company's lead subsidiary, Glens Falls National
Bank and Trust Company, effective September
5.
Mr. Campanella will be responsible for planning and management
of all finance, treasury and accounting functions for Arrow, which
reached a record $2.7 billion in
assets at the end of the second quarter. He will be based in
Glens Falls and report to Arrow
President and Chief Executive Officer Tom
Murphy.
"We are pleased to welcome Ed to our leadership team," said Mr.
Murphy. "His expertise in interest rate risk and liquidity
management, balance sheet management, investment portfolio
management and treasury products will be invaluable as we build
upon Arrow's strong financial footing and continued growth."
Mr. Campanella added, "I'm honored to join the extremely
talented team at Arrow Financial and I'm excited to contribute to
the ongoing success of the institution."
Mr. Campanella, who is currently serving as CFO of National
Union Bank of Kinderhook, brings
19 years of finance and banking experience to Arrow. Prior
leadership roles include Treasurer and Director of Finance at Opus
Bank in Irving, California, and Treasurer at Cambridge Savings
Bank in Cambridge, Massachusetts.
He began his career in finance as an analyst for Darling Consulting
Group.
A Latham resident, Mr.
Campanella earned a bachelor's degree in Business Administration
from Suffolk University in Boston. He succeeds Terry Goodemote, who in February announced his
intent to retire as Arrow CFO after more than 20 years of service
to the Company, including more than 10 years as the Chief Financial
Officer.
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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SOURCE Arrow Financial Corporation