GLENS FALLS -- Arrow Financial Corporation (NasdaqGS® – AROW), the parent of Glens Falls National Bank and Saratoga National Bank, was recently recognized by Forbes as one of “America's 50 Most Trustworthy Financial Companies” for its accounting and governance practices.

This is the fourth consecutive year the Glens Falls-based company has received a “Most Trustworthy” designation from Forbes. Arrow is the only New York-based bank listed for 2015.

 To create its “Most Trustworthy” list, Forbes enlisted MSCI ESG Research to evaluate over 700 publicly traded North American companies with a market cap of $250 million or more for the year ending March 2015. Factors including high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk were all considered as indicators of a company’s credibility.

Ric Marshall, executive director of MSCI ESG Research, states in the article: “The companies that make the cut are ones where there’s a very high level of integrity in the financial reporting.”

The complete article can be viewed online by visiting Forbes.com and searching “Most Trustworthy.”

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. It is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc.; three property and casualty insurance agencies: Loomis & LaPann, Inc., Upstate Agency, LLC, and McPhillips Insurance Agency, a division of Glens Falls National Insurance Agencies, LLC; and Capital Financial Group, Inc., an insurance agency specializing in the sale and servicing of group health plans.