Arrow Financial (AROW) Terminates CEO, Appoints David S. DeMarco as Replacement
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Arrow Financial Corporation (NasdaqGS® - AROW) announced that
Arrow Director Thomas L. Hoy, who recently retired as Board Chair and served as President and CEO of Arrow from 1995 to 2012, said, "Dave is extremely knowledgeable about the operation of our banks and the needs of our customers; he has been instrumental in the growth of our organization over his many years of service."
Arrow Financial Corporation (NasdaqGS® - AROW) is a multi-bank holding company headquartered in
The information contained in this news release may contain statements that are not historical in nature but rather are based on management's beliefs, assumptions, expectations, estimates and projections about the future. This press release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, involving a degree of uncertainty and attendant risk. In the case of all forward-looking statements, actual outcomes and results may differ materially from what the statements predict or forecast, explicitly or by implication. Factors that could cause or contribute to such differences include, but are not limited to, factors set forth in the Company's other filings with the Securities and Exchange Commission and factors related to the continuity, timing and effectiveness of the transition in executive management as described in this press release. The Company undertakes no obligation to revise or update these forward-looking statements to reflect the occurrence of unanticipated events. This press release should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended
View original content:https://www.prnewswire.com/news-releases/thomas-j-murphy-terminates-employment-as-arrow-financial-corporation-president-and-ceo-and-as-a-director-of-arrow-financial-corporation-david-s-demarco-appointed-president-and-ceo-301824524.html
SOURCE Arrow Financial Corporation
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