GLENS FALLS, N.Y., April 5, 2016 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce that it was recently awarded the 2015 Raymond James Community Bankers Cup in recognition of its "superior financial performance."
Financial services company Raymond James evaluated 301 community banks with assets between $500 million and $10 billion based on various profitability, operational efficiency, and balance sheet metrics. The Community Bankers Cup was awarded to the top 10% for their exceptional performance during 2015, as well as over time.
Arrow was one of only two New York State banks recognized. This is the second consecutive year Arrow was recognized.
According to Raymond James: "While exceptional performance during 2015 was a critical part of our formula, the cup was also created to reward community banks that are building long-term shareholder value."
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.; two property and casualty insurance agencies: 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.
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SOURCE Arrow Financial Corporation