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GLENS FALLS NATIONAL BANK NEWS

• August 27, 2010-Glens Falls National Bank & Trust Company Annouces Promotions

Glens Falls National Bank and Trust Company has announced the promotions of Sandy L. Hoffis to Assistant Vice President and Branch Manager of the Broad Street Office, Heather L. Cicero to Branch Manager of the Argyle Office and Kimberly A. Romano to Branch Manager of the Lake Luzerne Office.

Mrs. Hoffis joined the Bank in 2005 as an Assistant Branch Manager and Officer of the Argyle Office with over 14 years of banking experience. In 2007, she was appointed to Branch Manager and Officer of the Argyle Office. In 2009, Mrs. Hoffis was elected to the Bank’s High Performance Club, and in 2008, was the winner of the Community Service Volunteer of the Quarter Award, she also was a recipient of the “20 Under 40” Award presented by the Post Star in 2008.

Mrs. Cicero joined Glens Falls National in 2007 as a Teller and was promoted to Assistant Branch Manager of Saratoga National Bank and Trust Company. In 2008, she rejoined Glens Falls National as an Assistant Branch Manager.

Ms. Romano started with the Bank in 1988 as a Teller. In 1999, she joined the Bank’s Financial Services Operation until becoming a Teller/Head Teller at Saratoga National Bank and Trust Company. She returned to Glens Falls National as an Assistant Branch Manager in Branch Services until 2008, when she became the Assistant Branch Manager for the Aviation Road Office.

• August 10, 2010-Glens Falls National Bank & Trust Company Achieves Highest Rating from Bauer

• July 7, 2010-Glens Falls National Bank Announces Promotions

Glens Falls National Bank and Trust Company has announced the promotions of Olga Osuchowski to Assistant Vice President and Residential Mortgage Assistant Manager in the Direct Consumer Lending Department and Craig M. Seybolt to Corporate Banking Officer in the Corporate Banking Department.

• May 4, 2010-Glens Falls National Bank Names New Directors

Thomas L. Hoy, Chairman, President and C.E.O. of Glens Falls National Bank and Trust Company, has announced the appointments of Tenée Rehm Casaccio and Dr. Colin Read to the Board of Directors of the Bank.

Ms. Casaccio is President of JMZ Architects and Planners, P.C. in Glens Falls. She is a native of Bolton Landing and a graduate of Bolton Central School. Ms. Casaccio earned her Bachelor of Architecture Degree from Virginia Tech, in Blacksburg, Virginia. She is licensed in New York, Maryland and Pennsylvania and is a member of the American Institute of Architects (AIA) and New York State Association of Architects, and the Society for College and University Planning (SCUP).

Ms. Casaccio has been actively involved in her community. She is a graduate of the Adirondack Regional Chamber of Commerce (ARCC) 1994 Leadership Class; co-chaired the formation of the ARCC Network for Enterprising Women; and served as the Chair of the ARCC Board of Directors. In 2000, Tenée was recognized by the Capital District Business Review as one of the “40 Under 40” individuals who made a difference in their professions and communities. She is a former Director of the Warren County Economic Development Corporation and the Hudson River Local Development Corporation (HRLDC) and a member of the Glens Falls National Bank’s Regional Advisory Board. She is a Trustee of The Hyde Collection and serves as the Chair of their Facilities Committee.

Dr. Read is a Full Professor of Economics and Finance and a former Dean of the School of Business and Economics Department at the State University of New York at Plattsburgh. He is the Director of The Institute for Development and Economic Analysis, sponsored by The Development Corporation. He also operates Economic Insights, a regional economics and management consulting firm. He is a former research associate at the Harvard Joint Center for Housing Studies and has served the Ministry of Finance in Indonesia under contract from the Harvard Institute for International Development.

Dr. Read has an M.S. and a Ph.D. in Economics from Queens University and received his Juris Doctorate in Law from the University of Connecticut. He also holds a Masters Degree in Business Administration from the University of Alaska Fairbanks, and a Masters of Accounting in Taxation from the University of Tulsa. He has taught economics and finance for 25 years, is a Professor Emeritus at the University of Alaska Fairbanks, and has written several economic and taxation books and dozens of papers on market failure, volatility and housing markets. He appears monthly on the regional Public Broadcasting Station’s Mountain Lake Journal Business Edition to discuss the regional and national economy, and writes the weekly “Everybody’s Business” column for The Press Republican.

Dr. Read is the President-Elect of the Plattsburgh Noontime Chapter of Rotary International and serves on a number of community boards, including the CVPH Pension Committee, the Community Providers Inc., and the Clinton County Empire Zone. He is also Chair of the Town of Plattsburgh Comprehensive Land Use Plan Committee, and is Founder and President of Charity for Economic Empowerment of the North Country. Dr. Read also serves as a member of Glens Falls National Bank’s Regional Advisory Board.