TrustCo Bank Corp NY
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Robert Joseph McCormick
- Full Time Employees
- 742
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 5 Sarnowski Drive Glenville NY United States of America 12302
- IPO Date
- Apr 20, 1983
- CIK
- 0000357301
- Website
- trustcobank.com
- Similar Companies
- Business
- TrustCo Bank Corp NY operates as a New York-based savings and loan holding company for Trustco Bank, providing community-oriented retail and commercial banking services to individuals, partnerships, corporations and local governments. The bank offers deposit products including checking accounts, savings accounts, money market accounts and certificates of deposit; lending solutions such as residential mortgages, home equity lines of credit and loans, commercial loans, construction loans and installment loans; and additional services encompassing wealth management, estate planning, trust administration, custodial services, online and mobile banking, IRA investment options, Credit Sense for credit monitoring and ClickSWITCH for account transfers. Founded in 1902 in Schenectady, New York, and headquartered in Glenville, New York, Trustco Bank maintains 136 community banking offices and 154 ATMs across New York, Florida, Massachusetts, New Jersey and Vermont, with a strategic emphasis on residential mortgage lending and relationship-based customer service. Recent developments include reporting strong Q2 2025 financial results with a 19.8% increase in net income, 2.3% growth in average loans and 18% year-over-year expansion in home equity credit lines alongside 11% growth in commercial loans; implementing a share repurchase program by acquiring 169,000 shares or 0.9% of outstanding common stock during Q2 2025 to optimize capital and return value to shareholders; and sustaining over 100 consecutive years of dividend payments while growing total assets to approximately $6.3 billion as of late 2024.
Company News
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