{"id":36463,"date":"2023-06-17T19:26:22","date_gmt":"2023-06-17T23:26:22","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=36463"},"modified":"2023-06-17T19:26:22","modified_gmt":"2023-06-17T23:26:22","slug":"david-s-demarco-is-named-the-new-ceo-and-president-at-arrow-financial-corp","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2023\/06\/david-s-demarco-is-named-the-new-ceo-and-president-at-arrow-financial-corp\/","title":{"rendered":"David S. DeMarco Is Named The New CEO And President At Arrow Financial Corp."},"content":{"rendered":"<figure id=\"attachment_31747\" aria-describedby=\"caption-attachment-31747\" style=\"width: 194px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-31747\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/03\/bank-story-demarco-c-194x300.jpg\" alt=\"\" width=\"194\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/03\/bank-story-demarco-c-194x300.jpg 194w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/03\/bank-story-demarco-c-663x1024.jpg 663w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/03\/bank-story-demarco-c.jpg 719w\" sizes=\"(max-width: 194px) 100vw, 194px\" \/><figcaption id=\"caption-attachment-31747\" class=\"wp-caption-text\">David S. DeMarco is the new CEO and president at Arrow Financial Corp.<\/figcaption><\/figure>\n<p>Arrow Financial Corp.\u2014the parent company of Saratoga National Bank and Glens Falls National Bank\u2014announced that David S. DeMarco is the president and chief executive officer of the company.<\/p>\n<p>DeMarco was chief banking officer and senior executive vice president at the company.<\/p>\n<p>He replaces Thomas J. Murphy, who in May<span class=\"Apple-converted-space\">\u00a0 <\/span>terminated his employment as president and CEO with Arrow.<\/p>\n<p>The changes were made May 12.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>\u201cWe 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,\u201d said William L. Owens, chairman of the Arrow board.<\/p>\n<p>\u201cIt is an honor to be asked to serve as president and CEO of Arrow,\u201d DeMarco said. \u201cI look forward to working closely with our team to continue to serve our customers and advance our strategic and financial goals.\u201d<\/p>\n<p><strong><span class=\"Apple-converted-space\"><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/span><\/strong>Arrow Director Thomas L. Hoy, who recently retired as board chair and served as president and CEO of Arrow from 1995 to 2012, said DeMarco \u201cis extremely knowledgeable about the operation of our banks and the needs of our customers. He has been instrumental in the growth of our organization over his many years of service.\u201d<\/p>\n<p>Arrow Financial Corp. is a multi-bank holding company headquartered in Glens Falls, serving the financial needs of northeastern New York. In addition to being the parent of Glens Falls National Bank and Trust Co. and Saratoga National Bank and Trust Co., other subsidiaries include North Country Investment Advisers Inc.<\/p>\n<p><i>See page 10 for Interview with DeMarco<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arrow Financial Corp.\u2014the parent company of Saratoga National Bank and Glens Falls National Bank\u2014announced 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\u00a0 terminated his employment as president and [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":31747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>David S. 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