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Arrow Financial Corp (AROW.OQ)

AROW.OQ on NASDAQ Stock Exchange Global Select Market

35.40USD
22 Nov 2017
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Summary

Name Age Since Current Position

Thomas Hoy

68 2012 Chairman of the Board

Thomas Murphy

58 2013 President, Chief Executive Officer, Director

Edward Campanella

49 2017 Chief Financial Officer, Senior Vice President, Treasurer, Executive Vice President and Chief Financial Officer of Glens Falls National Bank and Trust Company

David DeMarco

55 2009 Senior Vice President

David Kaiser

56 2015 Senior Vice President

Raymond O'Conor

61 2017 Director

Mark Behan

56 2017 Independent Director

Tenee Casaccio

51 2013 Independent Director

Michael Clarke

70 2014 Independent Director

Gary Dake

56 2003 Independent Director

David Kruczlnicki

64 2016 Independent Director

Elizabeth Miller

63 2017 Independent Director

David Moynehan

71 2012 Independent Director

William Owens

68 2015 Independent Director

Colin Read

57 2013 Independent Director

Richard Reisman

71 1999 Independent Director

Biographies

Name Description

Thomas Hoy

Mr. Thomas L. Hoy is the Chairman of the Board of Arrow Financial Corp. He has been a Director of the Company since 1996 and has served as Chairman since 2004, and a Director of GFNB since 1994. He was President of the Company from 1996 to June 2012, and CEO from 1997 until his retirement in December 2012. In addition, Mr. Hoy was President of GFNB from 1995 to June 2011. Mr. Hoy’s nearly four-decade career with GFNB started in 1974 as a Management Trainee and included various roles in GFNB’s Trust and Investment Division. He also serves on the Boards of Directors of the Federal Home Loan Bank of New York and the New York Business Development Corporation. Mr. Hoy holds a bachelor’s degree from Cornell University. His expertise in the banking, investment and financial services industries is of great value to the Company.

Thomas Murphy

Mr. Thomas J. Murphy CPA., serves as President, Chief Executive Officer, Director of Arrow Financial Corp. He has been a President and Chief Executive Officer of Arrow since January 1, 2013. He has been a director of Arrow since July 2012. Mr. Murphy served as a Vice President of Arrow from 2009 to 2012, and as Corporate Secretary from 2009 to 2012. Mr. Murphy also has been the President and Chief Executive Officer of GFNB since January 1, 2013. Prior to that date he served as Senior Executive Vice President of Arrow and President of GFNB commencing July 1, 2011. Prior to July 1, 2011, Mr. Murphy served as Senior Trust Officer of GFNB (since 2010) and Cashier of GFNB (since 2009). Murphy previously served as Assistant Corporate Secretary of Arrow (2008-2009), Senior Vice President of GFNB (2008-2011) and Manager of the Personal Trust Department of GFNB (2004-2011). Prior to these appointments, he served in many banking, trust and corporate capacities. Mr. T. Murphy holds a bachelor’s degree in Business Administration from Siena College.

Edward Campanella

Mr. Edward J. Campanella is Chief Financial Officer, Senior Vice President, Treasurer of the Company., and Executive Vice President and Chief Financial Officer of Glens Falls National Bank and Trust Company., a subsidiary of the Company., effective September 5, 2017. He most recently has served as Senior Vice President and Chief Financial Officer of Kinderhook Bank Corp. since June 2016. Before that, he served as Treasurer and Director of Finance for Opus Bank in Irvine, California from December 2013 to June 2016. Mr. Campanella holds a Bachelor’s degree in business administration from Suffolk University.

David DeMarco

Mr. David S. DeMarco serves as Senior Vice President of Arrow since May 1, 2009. Mr. DeMarco has been the President and Chief Executive Officer of SNB since January 1, 2013. Prior to that date, Mr. DeMarco served as Executive Vice President and Head of the Branch, Corporate Development, Financial Services & Marketing Division of GFNB since January 1, 2003. Mr. DeMarco started with the Company in 1987.

David Kaiser

Mr. David D. Kaiser serves as Senior Vice President of the Company., since February 1, 2015 Mr. Kaiser has also served as Chief Credit Officer and Executive Vice President of GFNB since 2012. Prior to that date, Mr. Kaiser served as Chief Loan Officer for the Company's banks since February 1, 2011. He also served as the Corporate Banking Manager for GFNB from 2005 to 2011. Mr. Kaiser started with the Company in 2001. Mr. Kaiser has a bachelor's degree in Business Administration from Siena College.

Raymond O'Conor

Mr. Raymond F. O'Conor serves as Director of the Company effective January 1, 2017. He was Senior Vice President of Arrow Financial Corp., until December 31, 2012. Mr. O'Conor is the current Chairman and former President and CEO of Saratoga National Bank and Trust Company, an Arrow subsidiary. He has served on Saratoga National's Board of Directors since 1996. Mr. O'Conor is a published author as well as CEO of Saratoga County Capital Resource Corporation, a community development agency. He is active on the boards or advisory boards of many local organizations, including AAA Northway, Saratoga Center for the Family, Wilton Wildlife Preserve and Saratoga Springs International Film Festival. His volunteerism over the years has earned him various awards, including the Distinguished Leadership Award by the National Association for Community Leadership and the Centennial Good Scout Award from the Twin Rivers Council of the Boy Scouts of America.

Mark Behan

Mr. Mark Behan is an Independent Director of the Company effective January 1, 2017. Mr. Behan is the founder and President of Behan Communications, Inc., a public affairs and strategic communications firm with offices in Albany and Glens Falls. He has served as a Director of Glens Falls National Bank and Trust Company, Arrow's lead subsidiary, since 2015. Mr. Behan is a graduate of Colgate University as well as executive development programs at the Harvard Business School and the Harvard Law School. Active in his community, he serves as a member of the Board of Governors of Glens Falls Hospital and a Director of The Hyde Collection, the Glens Falls Foundation, the E. Leo Spain Foundation and Kelly's Angels, Inc.

Tenee Casaccio

Ms. Tenee Rehm Casaccio, AIA, is an Independent Director of Arrow Financial Corp., since December 31, 2013, and has been a Director of GFNB since 2010. Ms. Casaccio has served as President of JMZ Architects and Planners, PC, a New York State-certified Women-Owned Business in Glens Falls, since 2009. She earned a Bachelor of Architecture degree from Virginia Tech and holds licenses to practice architecture in New York and several other states. Ms. Casaccio has been with JMZ Architects since 1993. She has significant executive experience and a strong understanding of the New York State business climate.

Michael Clarke

Mr. Michael B. Clarke is an Independent Director of Arrow Financial Corp. He has been a Director of the Company and a Director of the Company’s subsidiary bank, Glens Falls National Bank and Trust Company (“GFNB”), since 2006. He previously served as a Director of the Company from 1988 to 1999 and as a Director of GFNB from 1987 to 1999, before temporarily relocating out of the area. Mr. Clarke is a retired Management Consultant for Bradshaw Consulting, Inc., in Lake George, New York, and has extensive experience in the business of cement manufacturing. He served as President of Glens Falls Cement Company from 1985 to 1999, President and CEO of Lone Star Industries in Indiana from 1999 to 2004, and President of the Midwest Division of Buzzi Unicem, USA, from 2004 to 2005. Mr. Clarke has a bachelor’s degree from McGill University and a master’s degree from Harvard University. In addition to his executive experience at manufacturing companies, Mr. Clarke has a finance background and a longstanding historical knowledge of the Company.

Gary Dake

Mr. Gary C. Dake is Independent Director of Arrow Financial Corp., since May 2003 and a Director of SNB since 2001. Mr. Dake is President of Stewart’s Shops Corp., a large, privately owned, vertically integrated, multi-state convenience store chain, and of Stewart’s Processing Corp., an affiliated dairy manufacturing and processing company. Mr. Dake holds a bachelor’s degree from St. Lawrence University. He has extensive experience with large business operations as a result of his management of Stewart’s, which also gives him a unique and broad understanding of the many communities the Company serves.

David Kruczlnicki

Mr. David G. Kruczlnicki is an Independent Director of Arrow Financial Corp., since January 2014. He has been a Director of the Company and a Director of GFNB since 1989. Mr. Kruczlnicki served as President and CEO of Glens Falls Hospital, a regional medical center employing over 3,000 people, from 1989 until his retirement in 2013. He received a bachelor’s degree from Siena College and a master’s degree from Rensselaer Polytechnic Institute. Mr. Kruczlnicki serves on the boards of directors of several health-related affiliates of Glens Falls Hospital as well as Pruyn & Company, a local, privately owned paper company. As a former health care executive, Mr. Kruczlnicki has significant experience overseeing finance and human resources as well as extensive directorship experience from his service as a director of numerous private and regional organizations.

Elizabeth Miller

Ms. Elizabeth Miller is an Independent Director of the Company effective January 1, 2017. Ms. Miller is President and CEO of Miller Mechanical Services, Inc., in Glens Falls and Chair of Doty Machine Works in Fort Edward. She has served on Glens Falls National's Board of Directors since 2015. Ms. Miller holds bachelor's and master's degrees from the College of Saint Rose. She serves on the boards of St. Mary's/St. Alphonsus Regional Catholic School, the Glens Falls Business Improvement District and the SUNY Adirondack Foundation. She is Vice President of the Glens Falls Civic Center Coalition board.

David Moynehan

Mr. David L. Moynehan is Independent Director of Arrow Financial Corp. He has been a Director of the Company since 1987 and a Director of GFNB since 1986. Mr. Moynehan is the President and owner of Riverside Gas & Oil Co., Inc., formerly a motor fuel and heating product distributor and convenience store retailer. In 2013, Mr. Moynehan sold Riverside’s core businesses, although Riverside continues to manage some remaining properties. He holds a bachelor’s degree from Providence College and an MBA from the University of Denver. Mr. Moynehan has a longstanding historical knowledge of the Company. He has also served on several local and regional economic development boards and has a thorough knowledge of the communities the Company serves.

William Owens

Mr. William L. Owens, Esq. is Independent Director of the Company GFNB. Mr. Owens is a former Congressman who represented New York’s 21st Dan istrict from late 2009 until January 2, 2015. Prior to his election, he was a managing partner at Stafford, Owens, Piller, Murnane, Kelleher & Trombley, PLLC, where he practiced business and tax law for more than 30 years. Mr. Owens recently rejoined the Plattsburgh, New York, firm as a partner. He also serves as Senior Strategic Advisor for the international law firm of McKenna Long & Aldridge, LLP. Mr. Owens holds a bachelor’s degree from Manhattan College and a law degree from Fordham University. He has an extensive understanding of the North Country, and specifically the Plattsburgh market.

Colin Read

Mr. Colin L. Read is an Independent Director of Arrow Financial Corp., since 2013. He has been a Director of GFNB since 2010. Dr. Read teaches banking and finance as a tenured full professor in the State University of New York system. He writes a regular business column for the Plattsburgh Press-Republican newspaper and is a regular contributor to Bloomberg’s online magazine and American Bankers Association publications. Dr. Read was elected to the Clinton County Legislature in 2013. In addition, he has authored nine books on global finance and appears monthly on a regional PBS business and economics show. Dr. Read has a PhD in economics from Queen’s University, an MBA from the University of Alaska, a law degree from the University of Connecticut, and a master’s degree in Taxation from the University of Tulsa. His expertise in economics and understanding of the Plattsburgh area are key strengths

Richard Reisman

Dr. Richard J. Reisman, DMD, is Independent Director of Arrow Financial Corp., since September 1999. Dr. Reisman is an oral and maxillofacial surgeon and serves as Chairman of the Section of Dentistry at Glens Falls Hospital, a regional medical center. Dr. Reisman received a bachelor’s degree from the University of Massachusetts-Amherst and a DMD from Harvard University. He also completed an oral surgery residency at Mt. Sinai Hospital in New York City. Dr. Reisman is a member of the New York State Board for Dentistry. His oral surgery practice in the Glens Falls community and his service at Glens Falls Hospital provide him with both small business acumen and large business organization experience and expertise.

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