Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1.

Murphy, who has most recently served as Arrow's corporate secretary, will also join Glens Falls National Bank's board directors, Arrow said in a news release Thursday. Murphy will report to Thomas L. Hoy, the chairman and chief executive at the Arrow and Glens Falls National Bank.

The $2 billion-asset Arrow also announced that Terry Goodemotte, the chief financial officer at the bank and the holding company, has been promoted to executive vice president at Arrow and senior executive vice president at the bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.