Reported 3 days ago
Arrow Financial in Glens Falls, New York, is set to enter 2025 with a new brand and an expanded board of directors after consolidating its subsidiary banks into Arrow Bank. This rebranding aligns with the company's mission and aims for streamlined operations, despite an estimated $1.2 million in related expenses. Along with the brand refresh, Arrow restructured its investment portfolio by selling $75 million in lower-yielding securities to reinvest in higher-yielding ones, which is expected to boost earnings in 2025.
Source: YAHOO