This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Arrow Financial Corporation Recognized By KBW For Superior Performance

GLENS FALLS, N.Y., March 15, 2011 /PRNewswire/ -- KBW (Keefe, Bruyette & Woods), a leading authority on the banking industry has named Arrow Financial Corporation (Nasdaq: AROW) as one of 40 banking institutions in the country to its 2010 Bank Honor Roll based on its ten year track record.  The recognition comes after analysis of more than 400 publicly traded banks with at least $500 million in total assets. KBW indicated, in order to be eligible for inclusion on this year's KBW Bank Honor Roll the following conditions must be satisfied:

1. No annual loss reported in net income per-share before extraordinary items over the past 10 years.

2. 2010 annual reported net income per-share before extraordinary items equal to or greater than peak net income per-share over the past 10 years.

3. Consecutive increases in net income per-share before extraordinary items since 2009.

Further, Banks named to KBW's Bank Honor Roll have better than industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets over $500 million which includes nearly 400 companies listed on NYSE and NASDAQ  exchanges. For the five-year period between 2005 and 2010, the KBW Bank Honor Roll members significantly outperformed the banking industry and the market.

Thomas L. Hoy, Chairman, President and C.E.O. of Arrow Financial Corporation indicated, "We are extremely pleased to receive this recognition from this widely recognized and well regarded banking industry authority.  This confirms our long-term business model which is built on the fundamentals of good asset quality, a strong capital, knowledge of our market and providing quality customer service through our banks and their subsidiaries."

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, NY serving the financial needs of northeastern New York.  Arrow 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. and Capital Financial Group, Inc., an insurance agency specializing in the sale and servicing of group health plans, and Loomis & LaPann, Inc., and Upstate Agency LLC, property and casualty insurance agencies.

Founded in 1962 KBW is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors.  The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities of financial services companies.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs