Arrow Financial growing in the Capital Region (NY)

GLENS FALLS, N.Y. — Arrow Financial, the holding company of Glens Falls National Bank and Trust Co. and Saratoga National Bank and Trust Co., had a very good 2015, growing its loan portfolio by a whopping 11 percent.

Much of the growth was driven by the bank’s expansion into Albany and Rensselaer counties. In 2015, Saratoga National Bank opened a branch in Troy, its third new location in as many years, and is developing plans to open new branches in Schenectady and Albany in the near future.

This growth has helped propel the company to record-high earnings of $24.7 million in 2015, with the expectation to continue setting records in 2016 and beyond. This past year, Glens Falls National Bank and Trust Co. was named the 8th best bank in the Capital Region, and Saratoga National Bank and Trust Co. was the 17th.

Find employment opportunities with Arrow Financial here.

Source: Albany Business Review

 

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Noah Milligan

Noah Milligan works as a banker by day, specializing in financing commercial real estate and loan workouts on a national platform. By night, he has delusions of becoming the next Cormac McCarthy. His short fiction has appeared or is forthcoming in Empty Sink Publishing, Ridi...