Arrow Financial Corporation Welcomes New Members to Its Board of Directors

Arrow Financial Corporation (NasdaqGS® - AROW) is proud to announce an important development in its governance structure with the appointment of four new members to its Board of Directors, effective November 5, 2024. The new board members are James M. Dawsey, Dr. Kristine D. Duffy, Philip Morris, and Daniel J. White. Their extensive experience and diverse backgrounds will significantly contribute to the company's strategic direction and overall effectiveness.

James M. Dawsey

James M. Dawsey is the President of MLB Construction Services, LLC, and brings over 45 years of invaluable experience in construction management and operational oversight. His proficiency in financial analysis, cost control, and profit-and-loss management will provide the board with essential insights. Dawsey's involvement with various corporate boards, including Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, underscores his deep commitment to community financial institutions. His extensive experience in scrutinizing financial statements makes him a vital addition to the Arrow board.

Dr. Kristine D. Duffy

With a robust background in higher education in New York State spanning over 35 years, Dr. Kristine D. Duffy is currently the President of SUNY Adirondack. Her leadership skills and experience in strategic planning, personnel management, and fundraising will be instrumental in navigating the future of Arrow Financial Corporation. Additionally, she plays a significant role in the local community, serving on multiple boards, including her positions with Glens Falls National Bank and the Saratoga National Bank.

Philip Morris

Philip Morris serves as the CEO of Proctors Collaborative and boasts close to five decades of experience in cultural facilities and substantial fundraising efforts. His remarkable ability to raise over $200 million for cultural projects highlights his competency in business development and collaboration. His expertise in managing complex community projects will offer Arrow invaluable strategic insights that will assist in fostering community relationships and engagement.

Daniel J. White

Daniel J. White brings significant accounting and financial expertise to the board, having previously held the position of Office Managing Partner at KPMG LLP's Albany and Upstate offices. With 37 years dedicated to community banking and auditing, his experience and understanding of financial oversight are remarkable assets. White has also contributed to several community organizations, including Proctors Theater and the Capital District Center for Economic Growth, making his connections and leadership in the financial sector an asset for Arrow.

A Statement from the Company

David S. DeMarco, the President and CEO of Arrow Financial Corporation, expressed enthusiasm regarding the newcomers. He stated, "We are thrilled to welcome Jim, Kris, Philip, and Dan to the Arrow Financial Corporation Board of Directors. Their diverse backgrounds and expertise will greatly enhance our board's capabilities. We are confident their leadership and insights will help guide our organization as we continue to grow, innovate, and serve our community with excellence."

About Arrow Financial Corporation

Arrow Financial Corporation, headquartered in Glens Falls, New York, is a multi-bank holding company committed to serving the financial needs of northeastern New York. As the parent company to Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, Arrow also operates subsidiaries including North Country Investment Advisers, Inc. and Upstate Agency, LLC. The board's new appointments are expected to further strengthen Arrow's position in the financial services landscape and its commitment to community engagement and growth.

This expansion of board capabilities underscores Arrow Financial Corporation's commitment to excellence and innovation in the financial services sector.