![Penko Ivanov](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Penko Ivanov
Director of Finance/CFO at
ARROW FINANCIAL CORPORATION
Net worth: 1 M $ as of 2026-06-29
Profile
Penko Krassimir Ivanov currently serves as CFO, CAO, Treasurer & Senior Executive VP at Arrow Financial Corp.
since 2023.
Also since 2023, holds the positions of CFO, Treasurer, Chief Accounting Officer & EVP at Upstate Agency, LLC.
Additionally, holds the role of Executive Vice President & CFO at Arrow Financial Corp.
(Investment Management).
Former roles include Chief Financial Officer at Doral Financial Corp., Principal at PepsiCo, Inc., CFO, Treasurer, Chief Accounting Officer & EVP at Saratoga National Bank & Trust Co., Senior Vice President & Controller at FirstLight Financial Corp., Principal at Ernst & Young LLP (Missouri), Chief Financial Officer & Executive Vice President at Bankwell Financial Group, Inc. from 2016 to 2022, Chief Financial Officer-US Operations at Doral Bank, Controller at GE Capital Solutions from 1999 to 2007, Chief Financial Officer & Executive Vice President at DR Bank from 2015 to 2016, and Chief Financial Officer & Executive Vice President at Bankwell Bank (Connecticut) from 2016 to 2022.
Education includes undergraduate and MBA degrees from the University of South Florida.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2026-04-05 | 31,863 ( 0.19% ) | 1 M $ | 2026-06-29 |
Penko Ivanov active positions
| Companies | Position | Start |
|---|---|---|
| ARROW FINANCIAL CORPORATION | Director of Finance/CFO | 2023-02-20 |
Upstate Agency, LLC
 Upstate Agency, LLC Insurance Brokers/ServicesFinance Provides employee benefits insurance services | Director of Finance/CFO | 2023-02-20 |
Arrow Financial Corp. (Investment Management)
 Arrow Financial Corp. (Investment Management) Investment ManagersFinance Arrow-IM employs a conservative business model and strategy of steady growth. | 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 Operates as a state chartered commercial bank | Director of Finance/CFO | 2022-12-30 |
DR Bank
 DR Bank Regional BanksFinance Provides state banking services | Director of Finance/CFO | 2016-03-31 |
GE Capital Solutions
 GE Capital Solutions Finance/Rental/LeasingFinance Provides leasing, lending and capital investment products and services | Comptroller/Controller/Auditor | - |
Saratoga National Bank & Trust Co.
 Saratoga National Bank & Trust Co. Major BanksFinance Provides banking services | Director of Finance/CFO | - |
Training of Penko Ivanov
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
27
1st degree connections
14
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 14 |
|---|---|
Arrow Financial Corp.
 Arrow Financial Corp. Major BanksFinance Operates as a bank holding company whose subsidiaries engages in community banking services | Finance |
Doral Financial Corp.
 Doral Financial Corp. Regional BanksFinance Operates as a bank holding company whose subsidiaries provides commercial banking services | Finance |
PepsiCo, Inc.
 PepsiCo, Inc. Food: Specialty/CandyConsumer Non-Durables Makes, markets, distributes and sells beverages & convenient food products | Consumer Non-Durables |
FirstLight Financial Corp.
 FirstLight Financial Corp. Financial ConglomeratesFinance Provides commercial financial solutions | Finance |
Ernst & Young LLP (Missouri)
 Ernst & Young LLP (Missouri) Miscellaneous Commercial ServicesCommercial Services Provides accounting, audit, tax and business consulting services | Commercial Services |
Bankwell Financial Group, Inc.
 Bankwell Financial Group, Inc. Regional BanksFinance Operates as a bank holding company whose subsidiaries provide banking services | Finance |
University of South Florida
 University of South Florida Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Doral Bank
 Doral Bank Regional BanksFinance State chartered commercial bank | Finance |
GE Capital Solutions
GE Capital Solutions Finance/Rental/LeasingFinance Provides leasing, lending and capital investment products and services | Finance |
Upstate Agency, LLC
Upstate Agency, LLC Insurance Brokers/ServicesFinance Provides employee benefits insurance services | Finance |
DR Bank
DR Bank Regional BanksFinance Provides state banking services | Finance |
Saratoga National Bank & Trust Co.
Saratoga National Bank & Trust Co. Major BanksFinance Provides banking services | Finance |
Bankwell Bank (Connecticut)
Bankwell Bank (Connecticut) Regional BanksFinance Operates as a state chartered commercial bank | Finance |
Arrow Financial Corp. (Investment Management)
Arrow Financial Corp. (Investment Management) Investment ManagersFinance Arrow-IM employs a conservative business model and strategy of steady growth. | Finance |
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