Arrow Financial Corporation Names Thomas J. Murphy President

Arrow Financial Corporation AROW announced today that Thomas J. Murphy, CPA, has been named by the Board of Directors to serve as President of Arrow, as well as a member of the Board of Directors, effective July 1, 2012. Thomas L. Hoy, who currently serves as President, Chairman and Chief Executive Officer of Arrow, will continue as Chairman and CEO through the end of 2012, when Mr. Murphy will succeed Mr. Hoy as CEO of Arrow and CEO of Arrow's lead subsidiary bank, Glens Falls National Bank and Trust Company. Mr. Hoy will continue to serve as Chairman of the Board of Arrow and Glens Falls National after December 31, 2012.