GLENS FALLS, N.Y., Feb. 6, 2018 /PRNewswire/ -- Arrow Financial
Corporation (NasdaqGS® – AROW) today announced David S. DeMarco, who has been a Senior Vice
President since 2009, will expand his role as the Company's newly
appointed Chief Banking Officer. In addition, Andrew J. Wise was added to the Arrow executive
leadership team as Senior Vice President and Chief Operating
Officer. The promotions follow another record-earning year for
Arrow and further signify the Company's focus on enhancing
operations and continuously strengthening its strategic
direction.
As Chief Banking Officer, Mr. DeMarco will be responsible for
oversight of all retail and small business banking strategy and
functions for the Company. In his role as Chief Operating Officer,
Mr. Wise will be responsible for the overall management of the
Company's internal administration, including operations and
strategic planning.
Mr. DeMarco will continue to serve as President and Chief
Executive Officer for Saratoga National Bank and Trust Company, a
subsidiary of Arrow. Mr. Wise will also continue to serve in his
role as Executive Vice President and Chief Operating Officer of
Glens Falls National Bank and Trust Company, the lead subsidiary of
Arrow.
Mr. DeMarco started with the Company in 1987 as a commercial
lender; in 2012 he was named President and CEO of Saratoga National
Bank. He holds a bachelor's degree in Finance from the University of Texas at Austin. Mr. DeMarco is also
a graduate of the Adirondack Regional Chamber of Commerce's
Leadership Program and the Stonier Graduate School of Banking. He
is actively involved in his community, serving on the boards of the
Center for Economic Growth, the United Way of the Greater Capital
Region, Saratoga Hospital Foundation, and the Saratoga County Chamber of Commerce, among
others.
Mr. Wise joined the Company in 2016 as Senior Vice President of
Administration for Glens Falls National Bank. In 2017, he was named
Executive Vice President and Chief Operating Officer of the Bank.
He holds a bachelor's degree from Boston
University's School of Management and has nearly 30 years of
operational and information technology management experience. As an
active member of his community, Mr. Wise serves on the board of the
Wesley Community and is a member of the Saratoga Springs Lions
Club.
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.; Upstate Agency, LLC,
specializing in property and casualty insurance; and Capital
Financial Group, Inc., specializing in the sale and servicing of
group health plans.
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SOURCE Arrow Financial Corporation