Two Capital Region banks to merge, change names

GLENS FALLS, N.Y. (NEWS10) -- Arrow Financial Corporation, who owns both Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, has finalized a merger between the two. The banks will be renamed as Arrow Bank.

"Our decision to unify our bank brands under the Arrow Bank name represents a pivotal moment in our company's history,” said David S. DeMarco, President and CEO of Arrow Financial Corporation. "Years of research and careful planning have led us to this moment, where we are poised to enhance our strategic growth opportunities and provide an unparalleled customer experience."

Glens Falls National Bank was founded in 1851 and Saratoga National Bank was formed in 1988. Arrow Financial Corporation is a publicly traded company with its headquarters in Glens Falls. With the merge, Arrow Financial Corporation said the leadership team will stay the same, staffing at the banks will not change, and customers can still use the same bank locations.

In total, the banks have 37 branches in Northeastern New York including in Troy, Latham, Colonie, Saratoga Springs, Fort Edward, Glens Falls, Queensbury, Lake George, and more. Arrow Financial Corporation will soon begin rolling out the Arrow Bank branding and name change.

"This brand unification allows Arrow Bank to showcase the scope of services we provide to our customers,” said Tenée R. Casaccio, Board Chair of Arrow Financial Corporation. “Moving forward as one bank, we will remain dedicated to personalized service while delivering value to our shareholders and support to our communities.”