Arrow Financial Corp. was recently
recognized by American Banker Magazine
as one of the nation’s top mid-tier
banks based on its return on equity.
The magazine’s August edition looked at
nearly 200 public and private companies
with between $2 billion and $10 billion in
assets. Arrow ranked 16th with a three-year
return on average equity of 13.63 percent.
It was the only upstate New York bank and
one of just three newcomers in the top 25.
The complete list, “Forward March: Annual
Ranking of Mid-Tier Banks,” can be viewed
online at americanbanker.com/magazine.
Arrow was included in the mid-tier group for the first time this year as a result of its assets exceeding $2 billion. The company previously appeared on American Banker’s annual list of community banks with less than $2 billion in assets, ranking 11th last year out of a pool of more than 1,000 institutions.