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Posted 31 July, 2023

ARROW FINANCIAL CORP appointed new CEO

CEO Change detected for ticker Nasdaq:AROW in a 8-K filed on 31 July, 2023.


  On July 26, 2023, the Board of Directors (the "Board") of Arrow Financial Corporation (the "Company"), reset the number of the directors of the Board from eleven (11) to ten (10) and appointed our President and Chief Executive Officer, David S. DeMarco, to serve as a Class B member of the Board effective immediately.  

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Overview of ARROW FINANCIAL CORP
Financial Services • Banking
Arrow Financial Corp. is a bank holding company, which engages in the provision of banking and insurance services through its subsidiaries, Glens Falls National and Saratoga National. It offers deposit accounts, lending activities, insurance products, and loans. The company was founded on March 21, 1983 and is headquartered in Glens Falls, NY.
Market Cap
$407M
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ARROW FINANCIAL CORP by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


Appointment of DeMarco as Director. On July 26, 2023, the Board of Directors (the "Board") of Arrow Financial Corporation (the "Company"), reset the number of the directors of the Board from eleven (11) to ten (10) and appointed our President and Chief Executive Officer, David S. DeMarco, to serve as a Class B member of the Board effective immediately. As Mr. DeMarco is an executive officer of the Company, he will not be joining any committee of the Board at the effective date of his appointment nor will he receive any additional compensation for service as a director of the Company. There are no arrangements between Mr. DeMarco and any other person pursuant to which he was elected to serve as a director. There are no related party transactions between the Company and Mr. DeMarco that would require disclosure under Item 404(a) of Regulation S-K.