Arrow Bank

Arrow Bank is a community-oriented commercial bank based in Glens Falls, New York. The institution was established in 1851 as Glens Falls National Bank and became the first bank founded in Warren County. It developed from a single local banking institution into a regional bank serving several counties in northeastern New York, offering banking, lending, investment, trust, and insurance-related services. The bank’s history includes both physical disruption and expansion. A fire destroyed the original bank premises in 1864, after which the institution was rebuilt and reopened as Glens Falls National Bank in 1867. In January 1870, the bank was robbed by a group that used dynamite and wet blankets during the break-in; approximately $20,000 was taken. The event is part of the institution’s documented nineteenth-century history rather than a modern corporate scandal. The bank expanded its presence in Washington County through the acquisition of Fort Edward National Bank in 1950. It subsequently added another Washington County location in 1963, while the Fort Edward office was formally opened on July 21, 1971. The Fort Edward branch was later closed in December 2021, reflecting a change in the branch network. For most of its modern history, the institution operated as Glens Falls National Bank and Trust Company and was one of two subsidiary banks within Arrow Financial Corporation, a multi-bank holding company whose shares trade on Nasdaq under the symbol AROW. On January 2, 2025, Arrow Financial announced that Glens Falls National Bank and Trust Company had unified with its affiliate Saratoga National Bank and Trust Company. The resulting legal entity adopted the name Arrow Bank National Association and began operating under the Arrow Bank brand. Arrow Bank’s business scope includes commercial banking for companies and institutions, consumer and small-business banking, investment services, trust services, and insurance services. Its stated customer base includes individuals, corporations, and government institutions. The rebrand and legal unification place the bank within a broader regional banking platform while retaining its historical connection to Glens Falls and the surrounding communities. Because the available reference material does not provide detailed current financial results, executive biographies, product-level performance data, or a complete branch list, those details are not included here.

Arrow Bank traces its institutional history to 1851, when Glens Falls National Bank was founded in Glens Falls, New York. The bank was the first banking institution established in Warren County and developed as a local financial institution serving the growing communities of the region. In 1864, a fire destroyed the bank’s premises. The institution was rebuilt and reopened in 1867 under the Glens Falls National Bank name. Its early history also includes a documented robbery on January 6, 1870. Thieves used dynamite and wet blankets to force entry and escaped with approximately $20,000. The robbery was a criminal event affecting the nineteenth-century bank and is not described as a corporate scandal. The institution expanded beyond its original Glens Falls base during the twentieth century. In 1950, Glens Falls National Bank acquired Fort Edward National Bank, which became the bank’s second branch. The bank added another Washington County presence in 1963. The Fort Edward office was formally opened on July 21, 1971, giving the institution a more substantial regional footprint. In later decades, the bank operated as Glens Falls National Bank and Trust Company and broadened its services beyond traditional deposits and loans. Its activities came to include commercial banking, investment services, trust services, and insurance services for individuals, corporations, and government institutions. The bank became one of two subsidiary banks held by Arrow Financial Corporation, a multi-bank holding company headquartered in the region and listed on Nasdaq under the symbol AROW. The bank’s branch network subsequently changed. The Fort Edward branch was closed in December 2021. This closure occurred before the institution’s later legal unification with its affiliate bank. On January 2, 2025, Arrow Financial Corporation announced that Glens Falls National Bank and Trust Company had unified with Saratoga National Bank and Trust Company. Following the unification, the resulting bank legally changed its name to Arrow Bank National Association, or Arrow Bank. The Arrow Bank identity therefore represents both a rebranding and a consolidation of two affiliated banking operations. The bank continues the historical franchise associated with Glens Falls while operating within Arrow Financial Corporation’s broader regional banking structure. Its activities cover consumer and commercial banking, together with investment, trust, and insurance services. The supplied sources do not establish a separate founding date for the Arrow Bank name, identify individual founders or current executives, or provide sufficient information about current assets, revenue, branch totals, market share, or product-level financial performance.

1. 2025Affiliate-bank unification and Arrow Bank rebrand

   Glens Falls National Bank and Trust Company unified with Saratoga National Bank and Trust Company and adopted the legal name Arrow Bank National Association.

   Source
2. 2021Fort Edward branch closed

   The bank closed its Fort Edward branch in December.

   Source
3. 1971Fort Edward office formally opened

   The Fort Edward office of Glens Falls National Bank officially opened on July 21.

   Source
4. 1963Additional Washington County location established

   The bank built another branch in Washington County, New York.

   Source
5. 1950Fort Edward National Bank acquired

   Glens Falls National Bank acquired Fort Edward National Bank, creating its second branch.

   Source
6. 1870Bank robbery

   Thieves used dynamite and wet blankets in a break-in and stole approximately $20,000.

   Source
7. 1867Bank reopened after reconstruction

   The rebuilt institution reopened as Glens Falls National Bank.

   Source
8. 1864Bank premises destroyed by fire

   A fire destroyed the bank’s premises. The institution was subsequently rebuilt.

   Source
9. 1851Glens Falls National Bank founded

   Glens Falls National Bank was established in Glens Falls and became the first bank founded in Warren County, New York.

   Source

A locally rooted regional bank combining community banking with commercial, investment, trust, and insurance services.

• Consumer bankingRetail banking

  Arrow Bank provides consumer-oriented banking services for individuals, including deposit and borrowing products. The available sources identify consumer banking as part of the institution’s broader community and commercial banking model but do not specify individual account names, rates, fees, or digital features.

• Commercial bankingBusiness banking

  Commercial banking is a core part of the institution’s offering for corporations and other organizations. Services include business deposits, lending, and related banking support, although the supplied references do not provide a complete product catalogue or detailed eligibility terms.

• Investment servicesInvestment services

  The bank offers investment-related services alongside its deposit and lending operations. These services extend the institution’s role beyond traditional commercial banking, but the available material does not identify specific investment products, advisory programs, or custodial arrangements.

• Trust servicesTrust and fiduciary services

  Trust services form part of the bank’s offering to individuals, businesses, and institutions. The reference material confirms the service category but does not provide details about fiduciary mandates, estate services, retirement administration, or other specific trust products.

• Insurance servicesInsurance

  Arrow Bank provides insurance-related services as part of its wider financial-services platform. The supplied sources do not specify the insurance lines, underwriting relationships, or distribution arrangements associated with this offering.

• 2025Unification with Saratoga National Bank and Trust CompanyM&A

  Arrow Financial Corporation operated Glens Falls National Bank and Trust Company alongside affiliate Saratoga National Bank and Trust Company.

  What changed. The two affiliated banking operations were unified, and the resulting legal entity was renamed Arrow Bank National Association.

  Aftermath. The transaction created the Arrow Bank operating identity while retaining the institution within Arrow Financial Corporation’s multi-bank structure.

  Source
• 2021Closure of the Fort Edward branchStrategy

  The Fort Edward office had been part of the bank’s Washington County network since its formal opening in 1971.

  What changed. Glens Falls National Bank closed the Fort Edward branch in December 2021.

  Aftermath. The closure reduced the bank’s physical presence in Fort Edward; the available sources do not state the reason or quantify its effects.

  Source

• 2025Arrow Financial unifies banking subsidiaries and rebrands the resulting institution as Arrow Bank

  Arrow Financial Corporation announced that Glens Falls National Bank and Trust Company had unified with affiliate Saratoga National Bank and Trust Company. The resulting bank legally adopted the name Arrow Bank National Association.

  M&ALeadership change
  Source
• 2021Fort Edward branch closed

  Glens Falls National Bank closed its Fort Edward branch in December 2021.

  Other
  Source
• 1870Glens Falls National Bank robbery

  A group of thieves broke into the bank on January 6, 1870, using dynamite and wet blankets, and stole approximately $20,000.

  Other
  Source

1. Glens Falls National Bank
2. Arrow Financial Unifies Banking Subsidiaries and Rebrands as Arrow Bank