Glens Falls National Bank

Last updated
Arrow Bank (Previously Glens Falls National Bank & Saratoga National Bank)
Company type Subsidiary
Industry Banking
Founded1851;174 years ago (1851)
Headquarters,
OwnerArrow Financial Corporation
Website www.gfnational.com

Arrow Bank is one of two subsidiary banks of the multi-bank holding company Arrow Financial Corporation (NASDAQ: AROW). The Bank was founded in 1851 in Glens Falls. [1]

Arrow Bank provides commercial banking, investment, trust and insurance services to individuals, corporations, and government institutions in Warren, Washington, Essex, and Clinton Counties.

History

Arrow Bank (previously Glens Falls National) opened in 1851, making it the first bank in Warren County. In 1864, a fire destroyed the bank. It was rebuilt following the fire and re-opened as the Glens Falls National Bank in 1867. [1]

On January 6, 1870, a group of thieves robbed the bank, using dynamite and wet blankets. Approximately $20,000 ($422,000 in 2021) was stolen. [1]

Glens Falls acquired the Fort Edward National Bank in 1950, making it the bank's second branch. [2] In 1963, Glens Falls built another Washington County branch in Fort Edward. [2] The Fort Edward office of Glens Falls National Bank was officially opened on July 21, 1971. [2]

In December 2021, Glens Falls National Bank closed its Fort Edward branch. [2]

Related Research Articles

<span class="mw-page-title-main">Glens Falls, New York</span> City in New York, United States

Glens Falls is a city in Warren County, New York, United States and is the central city of the Glens Falls Metropolitan Statistical Area. The population was 14,830 at the 2020 census. The name was given by Colonel Johannes Glen, the falls referring to a large waterfall in the Hudson River at the southern end of the city.

<span class="mw-page-title-main">M&T Bank</span> American bank

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 1,000+ branches in 12 states across the Eastern United States, from Maine to Central Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

<span class="mw-page-title-main">National City Corp.</span> American bank and part of National City Corp

National City Corporation was a regional bank holding company based in Cleveland, Ohio, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.

TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The bank became TD Bank, N.A. on May 31, 2008.

SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama. In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR. The company was headquartered in the SouthTrust Tower, now known as the Shipt Tower. SouthTrust had branches in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. By the end of 2005, all former SouthTrust branches that remained open carried the Wachovia name.

The American Bankers Association (ABA) is an American trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and bank charters, including community banks, regional and money center banks, Federal savings associations, mutual savings banks, and trust companies. The average member bank has approximately $250 million in assets. ABA is the largest financial trade group in the United States.

MainSource Bank was a community bank located in Greensburg, Indiana. The company was the operating subsidiary of the MainSource Financial Group. It operated banks in Indiana, Illinois, Kentucky, and Ohio. On May 25, 2018, all MainSource locations closed as part of the acquisition by First Financial Bancorp. Most locations reopened May 29, 2018 as First Financial Bank locations, but some locations remained closed if there was a redundant location nearby.

<span class="mw-page-title-main">Busey Bank</span> American financial institution

First Busey Bank is a financial institution headquartered in Champaign, Illinois, and operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.

<span class="mw-page-title-main">TrustCo Bank</span> Commercial bank within the United States

Trustco Bank is a commercial bank within the United States. Trustco was founded in Schenectady, New York in 1902 and is headquartered in Glenville, New York. Trustco has 145 branches spread among New York, Florida, Massachusetts, New Jersey, and Vermont. Trustco Bank is an Equal Housing Lender and an Insured member of the Federal Deposit Insurance Corporation. The company operates under the slogan, "Your Home Town Bank."

<span class="mw-page-title-main">Huntington Bancshares</span> Bank holding company headquartered in Columbus, Ohio

Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Its banking subsidiary, The Huntington National Bank, operates 1047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois, 32 in Colorado, 29 in West Virginia, 16 in Wisconsin, and 10 in Kentucky.

First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaiʻi. Its principal subsidiary, First Hawaiian Bank, founded in 1858, is Hawaiʻi’s oldest and largest financial institution headquartered in Honolulu at the First Hawaiian Center. The bank has 57 branches throughout Hawaiʻi, three in Guam and two in Saipan. It offers banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian was listed on the NASDAQ on August 4, 2016, and made its debut at number 12 in the January 2017 publication of Forbes' America's 100 Largest Banks with $20 billion in total assets. In 2019, BNP Paribas sold its stake in First Hawaiian Bank.

<span class="mw-page-title-main">WSFS Bank</span> American financial services corporation

WSFS Financial Corporation is a financial services company. Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management.

Moody National Bank (MNB) is a nationally chartered bank, founded in 1907, that is based in Galveston, Texas.

<span class="mw-page-title-main">United Community Bank</span> Bank holding company

United Community Banks, Inc. is an American bank. United is one of the largest full-service financial institutions in the Southeast, with $27.3 billion in assets, and 203 offices in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.

<span class="mw-page-title-main">Guaranty Bank & Trust</span> Bank based in Texas, USA

Guaranty Bank & Trust is a Texas-based commercial bank that offers personal and business banking services.

Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. Wintrust is usually classified as a medium-sized banking institution in the United States and it trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest banking company in Chicago.

National Westminster Bank USA, commonly known as NatWest USA, was a wholly owned subsidiary of National Westminster Bank in the United Kingdom from 1983 to 1996. Formed as the National Bank of North America in 1905, the U.S. retail banking operation was sold to Fleet Financial Group in 1996.

<span class="mw-page-title-main">Ameris Bancorp</span> Publicly traded banking company

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee.

INB Financial Corporation was an Indianapolis-based statewide bank holding company that was the largest Indiana-based financial institution at the time it was acquired by Michigan-based NBD Bancorp in 1992. Its primary subsidiary was the Indianapolis-based INB National Bank, formerly the Indiana National Bank, which can trace its origins to the founding of the Second State Bank of Indiana in 1834.

<span class="mw-page-title-main">Merchants National Corporation</span>

Merchants National Corporation (MNC) was an Indianapolis-based statewide bank holding company that was one of the largest Indiana-based financial institutions at the time it was acquired by Ohio-based National City Corporation in 1992. Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which had been founded in 1865.

References

  1. 1 2 3 Folk, Maureen (31 December 2021). "A Bank Heist on Glen Street". Chapman Museum. Archived from the original on 1 March 2023. Retrieved 1 March 2023.
  2. 1 2 3 4 Hochsprung, Gretta (12 December 2021). "Village's Long History of Banking Comes to an End". Post-Star. Archived from the original on 1 March 2023. Retrieved 1 March 2023.


GLENS FALLS, N.Y. (January 2, 2025) — Arrow Financial Corporation (NasdaqGS® - AROW) today announced that its subsidiary, Glens Falls National Bank and Trust Company has unified with its affiliate bank, Saratoga National Bank and Trust Company, and the resulting bank has legally changed its name to Arrow Bank National Association, or Arrow Bank.

source https://www.gfnational.com/About/In-The-News/ArtMID/1332/ArticleID/926/Arrow-Financial-Unifies-Banking-Subsidiaries-and-Rebrands-as-Arrow-Bank#:~:text=(January%202%2C%202025)%20%E2%80%94,Arrow%20Bank%20National%20Association%2C%20or