TRUSTCO BANK CORP N Y
Close on Oct 19, 2026
- Market cap
- $933.28M
- P/E (TTM)
- 14.9
- Dividend yield
- 2.76%
About Trustco Bank Corp N Y
State Commercial Banks, SIC 6022
TrustCo Bank Corp NY is a savings and loan holding company that operates primarily through its federal savings bank subsidiary, Trustco Bank. The company delivers retail and commercial banking solutions to individual consumers and business clients. Its deposit offerings include non-interest-bearing checking accounts, interest-bearing demand accounts, savings accounts, and time deposits. Lending operations comprise residential mortgages, home equity lines of credit, commercial business loans, commercial real estate financing, and consumer installment loans. Furthermore, the company provides wealth management, estate administration, personal trust management, and custodial services through its financial services division.
The bank maintains a network of 134 banking offices and 154 automated teller machines across several regions in the United States. Its branch presence spans multiple counties in New York and Florida, as well as locations in Massachusetts, New Jersey, and Vermont, alongside lending activities in select counties without branch offices. TrustCo Bank Corp NY is headquartered in Glenville, New York.
Summary of the business section of Trustco Bank Corp N Y's latest annual report, written by StockData.
Company profile
Company
- Legal name
- TRUSTCO BANK CORP N Y
- Founded
- 1981
- Headquarters
- Albany, NY
- Address
- 6 Metro Park Road 12205
- Phone
- (518) 377-3311
- Website
- trustcobank.com
- Employees
- 819, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- New York
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- TRST
- Exchange
- Nasdaq
- IPO date
- Apr 20, 1983
- Shares outstanding
- 17M, Jul 31, 2026
- Public float
- $611.40M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 1-for-5 reverse, May 28, 2021; 1-for-5 reverse, May 28, 2021; 2-for-1, Nov 15, 1999; 6-for-5, Aug 1, 1995; 2-for-1, Nov 22, 1993; 4-for-3, Nov 23, 1992; 2-for-1, Jul 22, 1986; 2-for-1, May 14, 1984
- SEC CIK
- 357301
- CUSIP
- 898349204
- ISIN
- US8983492047
- EIN
- 14-1630287
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Robert J. McCormick | CHAIRMAN, PRESIDENT & CEO, Director | 390,320 |
| Lauren Ann McCormick | VP,Treasurer, Asst. Corp. Sec. | 45,751 |
| Kevin M. Curley | EXECUTIVE VICE PRESIDENT & COO | 41,136 |
| Michael James Hall | GENERAL COUNSEL & SECRETARY | 10,643 |
| Michael M. Ozimek | EXECUTIVE VICE PRESIDENT & CFO | 29,972 |
| Robert M. Leonard | EVP & CHIEF OPERATING OFFICER | 36,860 |
| Eric W. Schreck | EVP & TREASURER | 28,842 |
| Scot R. Salvador | EVP & EVP COMMERICAL BANKING | 49,294 |
| Patricia Ann Kieper-Fusco | Director | – |
| Bryan Lee Guentner | Director | – |
| Lisa M. Lucarelli | Director | 3,213 |
| Frank B. Silverman | Director | 4,892 |
| Anthony J. Md Marinello Phd | Director | 27,154 |
| Kimberly Adams Russell | Director | 5,250 |
| Curtis N. Powell | Director | 2,145 |
| Brian C. Flynn | Director | 3,395 |
| Steffani Cotugno | Director | 2,157 |
| Thomas O. Maggs | Director | 18,247 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. McCormick | $3.65M | $4.23M | $1.44M | $154 | $145 |
| FY2024 Mr. McCormick | $2.85M | $3.00M | $1.29M | $97 | $139 |
| FY2023 Mr. McCormick | $3.06M | $2.67M | $1.28M | $86 | $121 |
| FY2022 Mr. McCormick | $3.35M | $3.78M | $1.56M | $98 | $121 |
| FY2021 Mr. McCormick | $3.18M | $3.40M | $1.46M | $83 | $134 |
| FY2020 Mr.McCormick | $3.16M | $2.75M | $1.60M | $80 | $87 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 819 employees (which collectively amount to 743 full-time equivalents), all based in the United States, with 566 employees (69.1%) at bank branches, 234 (28.6%) located in corporate”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 6, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 1, 2000 | Tender offer | Third-party tender offer for the company's shares |
| Jul 11, 2000 | Merger | Registration of securities for a merger or exchange offer (S-4) |