Arrow Family of Companies Donates $781,000 and Logs 11,193 Volunteer Hours

GLENS FALLS, N.Y. (March 29, 2024) — The Arrow Family of Companies is proud to announce its 2023 giving, which resulted in total donations of $781,000, including $103,076 from employee contributions. Additionally, the Arrow team logged 11,193 volunteer hours, marking a significant 19 percent increase in both dollars donated and volunteer hours logged.

Over the past five years, the Arrow Family of Companies has donated nearly $3 million to various causes.

"Our mission is to strengthen financial lives and make a positive impact in the communities we serve," said Dave DeMarco, President and CEO of Arrow Financial Corporation. “We are committed to giving back, and we are incredibly proud of the dollars we donate, the impressive number of hours our team volunteers, and the impact we make on our communities by doing so."

The Arrow Family of Companies’ total number of employee volunteers saw an increase of 21 percent, with 252 individuals actively participating in various community initiatives. Through their collective efforts, 561 nonprofits were supported across the company's eight-county footprint, spanning from Albany to Plattsburgh.

"Giving back is not only important to our business, but it is also important to our people,” said Kate Otis, Vice President, Community Engagement Manager. “We consider it both a responsibility and a privilege to enhance the quality of life in our communities through charitable giving and volunteerism."

The 2023 charitable contributions benefited a range of causes, including mental health, financial empowerment, education, workforce support, basic needs, health and human services, safe and affordable housing, business and farm support and environmental sustainability.

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About The Arrow Family of Companies: The Arrow Family of Companies includes Glens Falls National Bank and Trust Company, Saratoga National Bank and Trust Company and Upstate Agency, LLC. They are all part of Arrow Financial Corporation, a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York.