Arrow Financial Corporation - Common Stock (AROW)

Competitors to Arrow Financial Corporation - Common Stock (AROW)

First Commonwealth Financial Corporation

First Commonwealth Financial Corporation competes with Arrow Financial Corporation primarily in the regional banking sector, providing personal and business banking, investment services, and insurance. While both companies emphasize customer service and community engagement, First Commonwealth enjoys a more extensive network and a larger portfolio of financial products. Their competitive advantage stems from their ability to use economies of scale to offer more competitive rates and fees to attract a broader range of customers.

Hancock Whitney Corporation 

Hancock Whitney Corporation offers similar banking services and products, including personal and commercial banking, investment management, and insurance services. They compete closely with Arrow Financial Corporation by targeting the same customer base in the southeastern United States. Both companies strive to build long-term relationships with customers and provide personalized service, but Hancock Whitney has a larger footprint and extensive resources, allowing them to leverage larger scale operations and more diverse product offerings.

People's United Financial, Inc.

People's United Financial, Inc. competes with Arrow Financial Corporation by offering a range of banking and financial products in the same geographic areas. Both organizations emphasize community involvement and customer service, but People's United has a larger asset base and operational scale, providing it with competitive advantages in pricing and promotional activities. This larger asset base allows them to invest more in technology and customer service innovations, which can attract customers away from smaller banks like Arrow.

Sandy Spring Bancorp, Inc. 

Sandy Spring Bancorp, Inc. provides financial services similar to those of Arrow Financial Corporation, including banking, insurance, and investment services. Both companies focus on creating strong client relationships and community involvement. However, Sandy Spring has the advantage of being able to leverage its broader range of services and a more established presence in its markets, allowing it to attract more diverse customer segments and create cross-selling opportunities that Arrow may struggle to match.

South State Corporation

South State Corporation competes with Arrow Financial Corporation by offering comprehensive financial services, including regional banking solutions and wealth management services. Both companies operate primarily in the southeastern U.S., and they often target similar market demographics. However, South State has a more extensive branch network and a broader range of services, giving it an edge in attracting customers looking for one-stop financial solutions.