10:20 AM EDT, 07/23/2024 (MT Newswires) -- Arrow Financial ( AROW ) said Tuesday that it has finalized plans to merge its banking units Glens Falls National Bank and Trust and Saratoga National Bank and Trust.

The merged entity will be renamed as Arrow Bank National Association, the bank holding company said.

Arrow said the announcement to merge the units comes after a compulsory public comment period and approval from the Office of the Comptroller of the Currency.

Arrow Bank operates 37 branches in northeastern New York, holds about $4.2 billion in assets and has more than 550 employees, Arrow Financial ( AROW ) added.

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