| Business Summary | | Arrow
Financial
Corporation
is
a
bank
holding
company
that
owns
two
nationally
chartered
banks
in
New
York,
Glens
Falls
National
Bank
and
Trust
Company,
Glens
Falls,
New
York,
and
Saratoga
National
Bank
and
Trust
Company,
Saratoga
Springs,
New
York,
as
well
as
two
non-bank
subsidiaries,
the
operations
of
which
are
not
significant.
The
Company,
through
its
subsidiary
banks,
offers
a
full
range
of
commercial
and
consumer
financial
products.
The
banks'
deposit
base
consists
of
deposits
derived
principally
from
the
communities
that
the
banks
serve.
The
banks
target
their
lending
activities
to
consumers
and
small
and
mid-sized
companies
in
the
banks'
immediate
geographic
areas.
Through
its
banks'
trust
departments,
the
Company
provides
retirement
planning,
trust
and
estate
administration
services
for
individuals
and
pension,
profit-sharing
and
employee
benefit
plan
administration
for
corporations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Arrow
Financial,
a
bank
holding
company,
owns
two
nationally
chartered
banks,
and
several
non-bank
subsidiaries.
For
the
six
months
ended
6/01,
total
interest
income
rose
8%
to
$39.5
million.
Net
interest
income
after
loan
prov.
rose
10%
to
$20
million.
Net
income
rose
13%
to
$7.3
million.
Net
interest
income
reflects
increased
interest
and
fees
on
loans
and
a
higher
net
interest
margin.
Net
income
also
benefited
from
increased
income
from
fiduciary
activities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Michael Massiano, 66 Chairman
of thre Board | -- | -- | Thomas Hoy, 52 Pres,
CEO | $401K | $57K | John Murphy, 49 CFO,
Exec. VP, Treasurer | 199K | -- | John Van Leuwen, 57 Sr.
VP, CCO | 29K | 14K | Gerard Bilodeau, 54 Sr.
VP and Sec. | 116K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|