Arrow Financial Corporation Expands Its Insurance Operations through Acquisition in New York

Arrow Financial Corporation Expands Its Insurance Operations through Acquisition

In a significant move to broaden its market influence, Arrow Financial Corporation has announced the acquisition of the Skene Valley Agency, an independent insurance agency located in Washington County, New York. This deal, which is expected to close by the end of the third quarter of 2026, further integrates Skene Valley Agency into Upstate Agency, a subsidiary of Arrow Bank, thereby enhancing the company’s operational footprint and expanding its insurance offerings.

The acquisition reflects Arrow's commitment to growth within its established markets. David S. DeMarco, President and CEO of Arrow Financial Corporation, articulated the company's vision, stating that this strategic opportunity is set to deepen Upstate Agency's presence within Washington County—an area where the company has longstanding ties and a commitment to fulfilling diverse financial needs. “Customers will benefit from the strength of our comprehensive insurance offerings,” he noted, emphasizing the company's dedication to expanding all aspects of the Arrow Family of Companies.

Upstate Agency, based in South Glens Falls, New York, has been a trusted provider of personal, commercial, and employee-grade benefit insurance for over 50 years. This seasoned experience equips them with the knowledge and expertise to serve New York's communities effectively. The agency's longstanding reputation for quality service and commitment to customer satisfaction aligns well with Arrow’s broader mission.

Founded in 2002, Skene Valley Agency operates from Granville, with additional locations in Whitehall and Cambridge. Under the leadership of its President, John Hoagland, the agency has established a strong presence in the regional insurance market. Hoagland expressed enthusiasm about the forthcoming merger, characterizing it as a natural progression that will allow for greater synergy. “We are committed to providing personalized insurance solutions while fostering long-term relationships. Joining Upstate Agency offers our local expertise enhanced by increased resources and capabilities,” he shared.

Implications of the Acquisition

The acquisition not only signifies growth for Arrow Financial Corporation but also represents an evolving landscape in the insurance industry. Mergers and acquisitions often lead to more competitive offerings for customers, promising increased service quality and tailored financial solutions. Additionally, this merger is set to enhance the operational capabilities of the Upstate Agency, providing a broader range of products and services to its clientele.

As part of the Arrow Family of Companies, Upstate Agency aims to fortify the distribution of its insurance products, ensuring customers receive top-notch service coupled with a personalized touch that defines Arrow's brand philosophy.

Looking Ahead

Looking forward, Arrow Financial Corporation is poised to strengthen its position as a premier financial service provider in the northeastern region of New York. The announced acquisition underscores the company's proactive approach to meeting market demands while delivering exceptional value to customers. As Arrow celebrates its 175th anniversary throughout 2026, the integration of Skene Valley Agency promises to be a vital component in curating a robust suite of financial services.

This acquisition marks yet another chapter in Arrow's journey of growth and innovation, demonstrating a forward-thinking strategy that not only seeks to expand its market but also enhance its reputation as a leader in the region’s financial services landscape. The anticipation surrounding this merger illustrates confidence in Arrow's vision and its potential to better serve the diverse needs of New York's citizens as it continues to navigate the future of finance.

End of Article.