News
June 16, 2023Arrow Financial Corporation Appoints David S. DeMarco President and CEO
Arrow Financial Corporation announced that the Board of Directors has appointed Chief Banking Officer and Senior Executive Vice President David S. DeMarco as President and Chief Executive Officer of Arrow and its lead subsidiary, Glens Falls National Bank and Trust Company (“GFNB”).
Mr. DeMarco, who has been with the Company for 35 years, will continue to serve as President and Chief Executive Officer of Arrow subsidiary Saratoga National Bank and Trust Company. Mr. DeMarco joined the Company in 1987 as a commercial lender and since that time has served in positions of increasing responsibility with the organization. He was named President and CEO of Saratoga National Bank in 2012.
William L. Owens, Chairman of the Arrow Board, commented, “We are very pleased that Dave has agreed to serve as President and CEO of Arrow and GFNB. Dave has dedicated his career to the Company, understands community banking and he is well-known throughout our organization and the communities we serve.” Mr. De Marco added, “It is an honor to be asked to serve as President and CEO of Arrow. I look forward to working closely with our team to continue to serve our customers and advance our strategic and financial goals.”
