Board Appoints David S. DeMarco as Director; Approves 2023 Annual Meeting Date
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Mr. DeMarco joined the Company in 1987 as a commercial lender and has served in positions of increasing responsibility with the organization. He was named President and CEO of Saratoga National Bank in 2012. He was named President and CEO of Arrow and its lead subsidiary, Glens Falls National Bank and Trust Company, in May 2023.
"On behalf of the Board, we are pleased to welcome Dave to the Arrow Board of Directors," said William L. Owens, Chair of the Arrow Board. "He has a strong strategic vision for the future of our Company and remains dedicated to our customers and our communities."
The Board on July 26, 2023, also approved holding the 2023 Annual Meeting of Shareholders (the "Annual Meeting") on October 25, 2023. The Board has adopted August 29, 2023 as the record date for the Annual Meeting. As in the past, the meeting will begin with a review of all voting matters and then feature a short presentation about the Company. Additional details about the Annual Meeting and related voting instructions will be found in the Notice of 2023 Annual Meeting of Shareholders and the 2023 Proxy Statement.
Arrow Financial Corporation (NasdaqGS® - AROW) is a multi-bank holding company headquartered in
The information in this document may contain statements based on management's beliefs, assumptions, expectations, estimates and projections about the future. Such "forward-looking statements," as defined in Section 21E of the Securities Exchange Act of 1934, as amended, involve a degree of uncertainty and attendant risk. Actual outcomes and results may differ, explicitly or by implication. We are not obligated to revise or update these statements to reflect unanticipated events. This document should be read in conjunction with Arrow's Annual Report on Form 10-K for the year ended December 31, 2022 and other filings with the Securities and Exchange Commission.
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SOURCE Arrow Financial Corporation
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