Friday, 06 September 2013 12:45

Arrow Ranks 16th on Mid-Tier Banks List

GLENS FALLS – The American Banker August edition looked at nearly 200 public and private companies with between $2 billion and $10 billion in assets and Arrow Bank ranked 16th with a three-year return on average equity of 13.63%. It was the only upstate New York bank and one of just three newcomers in the top 25.

 

The complete list, “Forward March: Annual Ranking of Mid-Tier Banks,” can be viewed online at americanbanker.com/magazine.

 

Arrow was included in the mid-tier group for the first time this year as a result of its assets exceeding

$2 billion. The Company previously appeared on American Banker’s annual list of community banks with less than $2 billion in assets, ranking 11th last year out of a pool of more than 1,000 institutions.

The recent designation follows other honors for Arrow in 2013, including being named one of America’s “Most Trustworthy Companies” by Forbes and a “Top-Performing Mid-Sized Bank” by the ABA Banking Journal.

 

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