David S. DeMarco is the current CEO of Arrow Financial Corporation, a role he has embraced since mid-2023. Born in 1962, he brings a wealth of experience in finance to the company. Recently, the Board of Directors appointed him as...
David S. DeMarco is the current CEO of Arrow Financial Corporation, a role he has embraced since mid-2023. Born in 1962, he brings a wealth of experience in finance to the company. Recently, the Board of Directors appointed him as a Class B member, further integrating him into the leadership team. His tenure marks a focus on aligning compensation with successful performance metrics, including net operating earnings and return on equity. In 2023, his total compensation reached approximately $943,532, with a significant jump in his base salary to $695,000 following a new employment agreement effective in early 2024. This reflects the company's trust in his leadership abilities. DeMarco’s path to the CEO role included being the President and CEO of the Saratoga National Bank, underscoring his long-standing commitment to the financial industry. He has also had a history of substantial insider trading activity, with notable holdings that peaked at over $1 million in early 2021, showing active engagement in the company's growth. He is dedicated to ensuring that Arrow Financial continues to navigate challenges in the banking landscape.