Investment banking firm Piper Sandler Companies evaluated 386 publicly traded banks and thrifts with a market cap below $2.5 billion based on eight metrics, including: growth, profitability, credit quality, and capital strength. The field was then narrowed to the top 35.
Arrow Financial Corporation is one of just five New York financial institutions on the list and the only one headquartered locally.
“Arrow is pleased to once again be recognized nationally by Piper Sandler for our strong performance,” said President and CEO Thomas J. Murphy. “This achievement is a direct result of the Arrow team’s continued hard work and commitment.”