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Glens Falls National Bank

From Wikipedia, the free encyclopedia
Glens Falls National Bank
Company typeSubsidiary
IndustryBanking
Founded1851; 173 years ago (1851)
Headquarters,
OwnerArrow Financial Corporation
Websitewww.gfnational.com

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

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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

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  1. ^ a b c Folk, Maureen (31 December 2021). "A Bank Heist on Glen Street". Chapman Museum. Archived from the original on 1 March 2023. Retrieved 1 March 2023.
  2. ^ a b c d Hochsprung, Gretta (12 December 2021). "Village's Long History of Banking Comes to an End". Post-Star. Archived from the original on 1 March 2023. Retrieved 1 March 2023.