EX-21 3 ex21subs-2024.htm EX-21
Exhibit 21
Arrow Financial Corporation
250 Glen Street
Glens Falls, NY 12801
Subsidiaries
December 31, 2024

Subsidiary | Percent of Common Stock Owned
Subsidiaries of Arrow Financial Corporation: |
Arrow Bank National Association A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY | 100
Arrow Capital Statutory Trust II A Non-deposit Trust Company Headquarters: Glens Falls, NY | 100
Arrow Capital Statutory Trust III A Non-deposit Trust Company Headquarters: Glens Falls, NY | 100
Subsidiaries of Arrow Bank National Association |
Arrow Properties, Inc. A Real Estate Investment Trust (Arrow Bank National Association (fka Glens Falls National Bank also holds approximately 82% of non-voting preferred stock) Headquarters: Glens Falls, NY | 100
North Country Investment Advisers, Inc. A New York Corporation Headquarters: Glens Falls, NY | 100
NC Financial Services, Inc. A New York Corporation Headquarters: Glens Falls, NY | 100
Glens Falls National Community Development Corporation A New York Corporation Headquarters: Glens Falls, NY | 100
Upstate Agency, LLC A New York Corporation Headquarters: South Glens Falls, NY | 100