
Arrow Financial Corp.—the parent company of Saratoga National Bank and Glens Falls National Bank—announced that David S. DeMarco is the president and chief executive officer of the company.
DeMarco was chief banking officer and senior executive vice president at the company.
He replaces Thomas J. Murphy, who in May terminated his employment as president and CEO with Arrow.
The changes were made May 12.
DeMarco, who has been with the company for 35 years, continues to serve as president and chief executive officer of Arrow subsidiary Saratoga National Bank and Trust Co.
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.
“We are very pleased that Dave has agreed to serve as president and CEO of Arrow and Glens Falls National Bank. Dave has dedicated his career to the company, understands community banking and he is well-known throughout our organization and the communities we serve,” said William L. Owens, chairman of the Arrow board.
“It is an honor to be asked to serve as president and CEO of Arrow,” DeMarco said. “I look forward to working closely with our team to continue to serve our customers and advance our strategic and financial goals.”

StoredTech in Queensbury has made three changes to its management team.
Beginning as vice president of finance in June 2021, Roeder played a role in beginning to automate financial and reporting systems and assisted in measures that helped drive overall growth by 19 percent while increasing the bottom line by 86 percent in 2022.
Before joining StoredTech, Frustere was vice president of sales for iHeartMedia in Latham. She brings over 30 years of experience building and leading successful sales teams that delivered revenue growth by fostering a culture of accountability, commitment, a focus on customer satisfaction, and shared success. She managed and oversaw all advertising sales activities and lead a sales team for iHeartMedia’s Albany market.





