Penko Ivanov
Director of Finance/CFO at ARROW FINANCIAL CORPORATION
Net worth: 46 629 $ as of 2024-05-30
Profile
Penko Krassimir Ivanov is currently working as the CFO, Treasurer & Chief Accounting Officer at Arrow Financial Corp., CFO, Treasurer, Chief Accounting Officer & EVP at Upstate Agency LLC, and CFO, Treasurer, Chief Accounting Officer & EVP at Saratoga National Bank & Trust Co. He is also the Executive Vice President & CFO at Arrow Financial Corp.
(Investment Management).
In the past, Mr. Ivanov worked as the Chief Financial Officer at Doral Financial Corp., Principal at PepsiCo, Inc., Senior Vice President & Controller at FirstLight Financial Corp., and Principal at Ernst & Young LLP (Missouri).
He also served as the Chief Financial Officer & Executive Vice President at Bankwell Financial Group, Inc., Chief Financial Officer-US Operations at Doral Bank, and Controller at GE Capital Solutions.
Additionally, he held the position of Chief Financial Officer & Executive Vice President at DR Bank and Bankwell Bank (Connecticut) from 2015 to 2016 and 2016 to 2022, respectively.
Mr. Ivanov completed his undergraduate degree and MBA from the University of South Florida.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2024-05-28 | 1,857 ( 0.01% ) | 46 629 $ | 2024-05-30 |
Penko Ivanov active positions
| Companies | Position | Start |
|---|---|---|
| ARROW FINANCIAL CORPORATION | Director of Finance/CFO | 2023-02-20 |
Saratoga National Bank & Trust Co.
 Saratoga National Bank & Trust Co. Major BanksFinance Part of Arrow Financial Corp., Saratoga National Bank & Trust Co. is a financial institution that offers personal and business banking services, including checking and savings accounts, loans, credit cards, and wealth management services. The company is based in Saratoga Springs, NY. The bank is committed to giving back to its communities through volunteering, sponsorships, and donations. It is also licensed to sell insurance in the state through its non-bank subsidiary, Upstate Agency, LLC. David S. DeMarco has been the CEO of the company since 2012. | Director of Finance/CFO | 2023-02-20 |
Upstate Agency LLC
 Upstate Agency LLC Insurance Brokers/ServicesFinance Part of Arrow Financial Corp., Upstate Agency LLC is a comprehensive insurance provider for personal and business needs. The company is based in Chestertown, NY and has been serving local communities for over 50 years. Upstate Agency offers bundling options for policies, which can save customers up to 15 percent. The CEO of the company is Douglas S. Thorn. Upstate Agency was acquired by Glens Falls National Bank & Trust Co. on February 01, 2011 for $2.70 million. | Director of Finance/CFO | 2023-02-20 |
| Arrow Financial Corp. (Investment Management) | Director of Finance/CFO | - |
Former positions of Penko Ivanov
| Companies | Position | End |
|---|---|---|
| BANKWELL FINANCIAL GROUP, INC. | Director of Finance/CFO | 2022-12-30 |
Bankwell Bank (Connecticut)
 Bankwell Bank (Connecticut) Regional BanksFinance Bankwell Bank is a state chartered commercial bank. It offers resources such as identity protection, privacy and security, and recorder checks. The company was founded in 2013 and is headquartered in New Canaan, CT. | Director of Finance/CFO | 2022-12-30 |
DR Bank
 DR Bank Regional BanksFinance DR Bank operates as a state chartered commercial bank. It provides community with an exceptional combination of competitive banking services and thoughtful personal services. The firm offers conveniences and financial services from a larger bank, with the incredible rates, safety, and personal attention. The company was founded by Robert M. Baylis, David M. Campbell, Kevin P. Conroy, Daniel Dolcetti, Harriette Weiss-Terbell, Peter B. Maglathlin, Michael Joyce Thomas, Charles Hoffman and Spencer J. McIlmurray in 2006 and is headquartered in Darien, CT. | Director of Finance/CFO | 2016-03-31 |
GE Capital Solutions
 GE Capital Solutions Finance/Rental/LeasingFinance GE Capital Solutions provides leasing, lending, and capital investment products and services. The company is headquartered in Danbury, CT. | Comptroller/Controller/Auditor | - |
| Doral Bank | Corporate Officer/Principal | - |
Training of Penko Ivanov
| University of South Florida | Masters Business Admin |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 3 |
|---|---|
| PEPSICO, INC. | Consumer Non-Durables |
| BANKWELL FINANCIAL GROUP, INC. | Finance |
| ARROW FINANCIAL CORPORATION | Finance |
| Private companies | 10 |
|---|---|
FirstLight Financial Corp.
 FirstLight Financial Corp. Financial ConglomeratesFinance Firstlight Financial Corp. provided commercial financial solutions. The company was founded by Ronald F. Carapezzi and Philip A. Carlson in 2006 and was headquartered in Old Greenwich, CT. | Finance |
Ernst & Young LLP (Missouri)
 Ernst & Young LLP (Missouri) Miscellaneous Commercial ServicesCommercial Services Ernst & Young provides accounting services. Its services include auditing, accounting, tax and transaction services, assurance and advisory business, online transaction advisory and a wide range of financial services. The company was founded by Arthur Young and Alwin C. Ernst in 1881 and is headquartered in Kansas City, MO. | Commercial Services |
GE Capital Solutions
GE Capital Solutions Finance/Rental/LeasingFinance GE Capital Solutions provides leasing, lending, and capital investment products and services. The company is headquartered in Danbury, CT. | Finance |
Doral Financial Corp.
 Doral Financial Corp. Financial ConglomeratesFinance Doral Financial Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Puerto Rico Growth, United States, Recovery, Treasury, and Corporate. The company was founded in 1972 and is headquartered in New York, NY. | Finance |
DR Bank
DR Bank Regional BanksFinance DR Bank operates as a state chartered commercial bank. It provides community with an exceptional combination of competitive banking services and thoughtful personal services. The firm offers conveniences and financial services from a larger bank, with the incredible rates, safety, and personal attention. The company was founded by Robert M. Baylis, David M. Campbell, Kevin P. Conroy, Daniel Dolcetti, Harriette Weiss-Terbell, Peter B. Maglathlin, Michael Joyce Thomas, Charles Hoffman and Spencer J. McIlmurray in 2006 and is headquartered in Darien, CT. | Finance |
Bankwell Bank (Connecticut)
Bankwell Bank (Connecticut) Regional BanksFinance Bankwell Bank is a state chartered commercial bank. It offers resources such as identity protection, privacy and security, and recorder checks. The company was founded in 2013 and is headquartered in New Canaan, CT. | Finance |
| Doral Bank | Finance |
Saratoga National Bank & Trust Co.
Saratoga National Bank & Trust Co. Major BanksFinance Part of Arrow Financial Corp., Saratoga National Bank & Trust Co. is a financial institution that offers personal and business banking services, including checking and savings accounts, loans, credit cards, and wealth management services. The company is based in Saratoga Springs, NY. The bank is committed to giving back to its communities through volunteering, sponsorships, and donations. It is also licensed to sell insurance in the state through its non-bank subsidiary, Upstate Agency, LLC. David S. DeMarco has been the CEO of the company since 2012. | Finance |
Upstate Agency LLC
Upstate Agency LLC Insurance Brokers/ServicesFinance Part of Arrow Financial Corp., Upstate Agency LLC is a comprehensive insurance provider for personal and business needs. The company is based in Chestertown, NY and has been serving local communities for over 50 years. Upstate Agency offers bundling options for policies, which can save customers up to 15 percent. The CEO of the company is Douglas S. Thorn. Upstate Agency was acquired by Glens Falls National Bank & Trust Co. on February 01, 2011 for $2.70 million. | Finance |
| Arrow Financial Corp. (Investment Management) | Finance |
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