为Piper Sandler Sm命名的箭头-财务业绩全明星排行榜

GLENS FALLS, N.Y.,Oct. 13, 2021/PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) is pleased to announce it was recently named to the prestigious Piper Sandler Sm-All Stars Class of 2021, a list of 35 top-performing small-cap banks and thrifts in the country.

Investment banking firm Piper Sandler Companies, evaluated 386 publicly traded banks and thrifts with a market cap below$2.5 billionbased on eight metrics, including: growth, profitability, credit quality and capital strength. The field was then narrowed to the top 35.

Arrow Financial Corporation is one of just fiveNew Yorkfinancial institutions on the list and the only one headquartered locally.

According toPiper Sandler, "the performance metrics of the institutions featured are outstanding, with the Class of 2021 delivering "bottom-line results that are markedly better than the industry as a whole."

"Arrow is pleased to once again be recognized nationally byPiper Sandlerfor our strong performance," said President and CEOThomas J. Murphy. "This achievement is a direct result of the Arrow team's continued hard work and commitment."

Arrow Financial Corporation is a multi-bank holding company headquartered inGlens Falls, New York, serving the financial needs of northeasternNew York. The Company 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. and Upstate Agency, LLC.

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SOURCE Arrow Financial Corporation