Arrow Named to Sandler O'Neill Sm-All-Star List for Financial Performance

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Oct 03, 2014, 09:53 ET

GLENS FALLS, N.Y., Oct. 3, 2014 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce it was recently named to the Sandler O'Neill Sm-All Stars Class of 2014, a list of 35 top-performing small-cap banks and thrifts in the country.

Investment banking firm Sandler O'Neill + Partners, LP evaluated all 443 publicly traded banks and thrifts with a market cap below $2.5 billion based on eight metrics, including: growth, profitability, credit quality and capital strength. The field was then narrowed to the top 35. Arrow was one of a dozen newcomers to the list, and the only bank based in Upstate New York.

According to Sandler O'Neill: "The performance metrics of the remaining 35 institutions are exceptional, with the Class of 2014 delivering bottom line results that are markedly better than the industry as a whole."

The list marks Arrow's third national recognition this year. It was also included on the ABA Banking Journal's annual list of 100 "top-performing midsize banks" based on 2013 return on average equity and was named by Forbes as one of "America's 50 Most Trustworthy Financial Companies" for its accounting and governance practices.

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

Website: arrowfinancial.com

SOURCE Arrow Financial Corporation