Glens Falls National Bank
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| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 1851 |
| Headquarters | , |
| Owner | Arrow Financial Corporation |
| Website | www |
Glens Falls National Bank & Trust Company is one of two subsidiary banks of the multi-bank holding company Arrow Financial Corporation (NASDAQ: AROW). The Bank was founded in 1851 in Glens Falls.[1]
The bank provides commercial banking, investment, trust and insurance services to individuals, corporations, and government institutions in Warren, Washington, Essex, and Clinton Counties.
History[edit]
Glens Falls Bank opened in 1851, making it the first bank in Warren County. In 1864, a fire destroyed the bank. It was rebuilt following the fire and re-opened as the Glens Falls National Bank in 1867.[1]
On January 6, 1870, a group of thieves robbed the bank, using dynamite and wet blankets. Approximately $20,000 ($422,000 in 2021) was stolen.[1]
Glens Falls acquired the Fort Edward National Bank in 1950, making it the bank's second branch.[2] In 1963, Glens Falls built another Washington County branch in Fort Edward.[2] The Fort Edward office of Glens Falls National Bank was officially opened on July 21, 1971.[2]
In December 2021, Glens Falls National Bank closed its Fort Edward branch.[2]
References[edit]
- ^ a b c Folk, Maureen (31 December 2021). "A Bank Heist on Glen Street". Chapman Museum.
- ^ a b c d Hochsprung, Gretta (12 December 2021). "Village's Long History of Banking Comes to an End". Post-Star.
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