This Day On The Street
Continue to site
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

Promotion Of Thomas J. Murphy To Bank President

GLENS FALLS, N.Y., June 30, 2011 /PRNewswire/ -- Thomas L. Hoy, Chairman, President and Chief Executive Officer of Arrow Financial Corporation (Nasdaq: AROW), Glens Falls, New York, announced today that Arrow's Board of Directors has appointed Thomas J. Murphy, currently Vice President and Corporate Secretary of Arrow, to become President and a member of the Board of Directors of Arrow's lead subsidiary bank, Glens Falls National Bank and Trust Company, effective July 1, 2011.  Mr. Murphy also will become Senior Executive Vice President of Arrow.  Mr. Hoy will continue as Chairman and Chief Executive Officer of Glens Falls National Bank, as well as Chairman, Chief Executive Officer and President of Arrow.  "Our Board of Directors has every confidence that Tom will do an outstanding job as Bank President," said Mr. Hoy.  "He has the leadership skills and experience to guide Glens Falls National Bank in its path to continuing growth and success, as well as deep connections to the communities in Upstate New York served by the bank."

Mr. Hoy also announced that Terry R. Goodemote, who is the Chief Financial Officer of Arrow and Glens Falls National Bank, has received a promotion from Senior Vice President to Executive Vice President of Arrow and from Executive Vice President to Senior Executive Vice President of Glens Falls National Bank.

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


SOURCE Arrow Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%
TSLA $234.18 0.80%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs