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September 1, 2013

Business briefs: Sept. 1, 2013

Promotion announced

PLATTSBURGH — Heather Mazzantini has been promoted to accounting clerk at UFirst Federal Credit Union.

Mazzantini has more than 10 years of financial-institution experience. She started her career at NBT Bank in 2003 where she was head teller III. In 2008, she became a member service representative at Northern Corridor Community FCU.

In October 2009, Northern Corridor Community FCU merged with UFirst FCU where Mazzantini became a member of the UFirst FCU team as a member service representative. Now, in her new position as accounting clerk, she will be assisting the interim VP of finance on a daily basis.

Mazzantini graduated from Brushton-Moira Central School in 1999 and is attending classes at Clinton Community College to continue her accounting education.

She will be working out of the Plattsburgh branch and can be reached at 324-5700 or through email at hmazzantini@ufirstfcu.net.

Established in 1971, UFirst Federal Credit Union has been serving the financial needs of its members in Clinton County for 41years. UFirst FCU has locations in Plattsburgh and Rouses Point and can be reached at 324-5700 or at www.ufirstfcu.net.

Bank recognized

PLATTSBURGH — Arrow Financial Corp., parent of Glens Falls National Bank, was recently recognized by American Banker Magazine as one of the nation’s top mid-tier banks based on its return on equity.

Arrow ranks 16th on the Mid-Tier Banks List. The magazine’s August edition looked at nearly 200 public and private companies with between $2 billion and $10 billion in assets. Arrow ranked 16th with a three-year return on average equity of 13.63 percent. It was the only upstate New York bank and one of just three newcomers in the top 25.

The complete list, “Forward March: Annual Ranking of Mid-Tier Banks,” can be viewed at americanbanker.com/magazine.

Arrow was included in the mid-tier group for the first time this year as a result of its assets exceeding $2 billion. The company previously appeared on American Banker’s annual list of community banks with less than $2 billion in assets, ranking 11th last year out of a pool of more than 1,000 institutions.

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