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June 9, 2013

Business briefs: June 9, 2013

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The assessments will help with implementation of recommendations of the New York Invasive Species Council, a group created to coordinate among multiple state agencies and partners in addressing the environmental and economic threats of invasive species. The work will inform the official lists of known invasive animal and plant species for the purpose of regulating their sale and transport through the Invasive Species Prevention Act.

Adirondack Research focuses on climate-change and invasive species issues within the Adirondack Park and is collaborating with the New York Natural Heritage Program on this project. The contract period concludes Dec. 31.

Adirondack Research works within forest and agricultural landscapes to promote healthy ecosystems. This includes research on invasive animals, agricultural pests, beneficial organisms, climate-change resilience, ecosystem connectivity and biodiversity. Adirondack Research contracts with state and local agencies as well as with non-profits.

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Bank rated

GLENS FALLS — Arrow Financial Corporation, parent of Glens Falls National Bank, was recently recognized on the ABA Banking Journal’s list of Top-Performing Mid-Sized Banks, ranking 28th out of almost 500 financial institutions.

The list, published in the May 2013 edition of the magazine, looked at all federally insured domestic depository institutions with assets between $1 billion and $10 billion. It ranked a total of 476 banks by their return on average total equity (ROAE) for 2012.

Arrow was 28th on the list with an ROAE of 12.88 percent. It is the only bank in Northeastern New York and one of just two statewide that appear in the top 30. The complete article listing all 476 banks can be viewed online at www.ababj.com.

The ABA Banking Journal ranking follows a series of other recognitions for Arrow from national industry publications, including most recently being named by Forbes as one of America’s 100 Most Trustworthy Companies.

Arrow Financial Corp. is a multi-bank holding company headquartered in Glens Falls serving the financial needs of Northeastern New York. 

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