GLENS FALLS -- Arrow Financial Corporation (NasdaqGS® – AROW) was recently recognized in Bank Director Magazine’s annual “Bank Performance Scorecard” as one of the top-performing banks in the country.

Arrow Financial Corporation ranked 38th out of the top 130 U.S. banks with $1 billion to $5 billion in assets, based on profitability, capitalization and asset quality. It earned the highest ranking among its peers in New York State.

As in previous years, Sandler O’Neill constructed the rankings using 2014 financial data. The Bank Director Scorecard was published in the magazine’s third-quarter 2015 edition; it can be found online at bankdirector.com.

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.