Exhibit 21
Arrow Financial Corporation
250 Glen Street
Glens Falls, NY 12801
Subsidiaries
December 31, 2014
Subsidiary | Percent of Common Stock Owned |
Subsidiaries of Arrow Financial Corporation: | |
Glens Falls National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Glens Falls, NY | 100 |
Saratoga National Bank and Trust Company A Nationally Chartered Commercial Bank Headquarters: Saratoga Springs, 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 Glens Falls National Bank and Trust Company: | |
Arrow Properties, Inc. A Real Estate Investment Trust (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: Warrensburg, NY | 90 |
Glens Falls National Community Development Corporation A New York Corporation Headquarters: Glens Falls, NY | 100 |
Capital Financial Group, Inc. A New York Corporation Headquarters: South Glens Falls, NY | 100 |
Loomis & LaPann, Inc. A New York Corporation Headquarters: South Glens Falls, NY | 100 |
Upstate Agency, LLC A New York Corporation Headquarters: Warrensburg, NY | 100 |
Glens Falls National Insurance Agencies, LLC A New York Corporation Headquarters: South Glens Falls, NY | 100 |
Subsidiaries of Saratoga National Bank and Trust Company: | |
NC Financial Services, Inc. A New York Corporation Headquarters: Warrensburg, NY | 10 |