58.09
+1.38%
Close of 9 Nov 2026, in USD
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About TrustCo Bank Corp NY
From its filings with the US Securities and Exchange Commission
TrustCo Bank Corp NY is based in Albany, New York and is incorporated in New York. Its shares trade on Nasdaq under the ticker TRST. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $61.1m. At that date it held total assets of $6.44bn and shareholders' equity of $686.6m.
Trustco Bank is a federal savings bank engaged in providing general banking services to individuals and businesses.
The aggregate market value of the assets under trust, custody, or management of the trust department of the Bank was approximately $1.27 billion as of December 31, 2025.
Capital District area of New York State. The Company also faces competition for deposits from national brokerage houses, short-term money market funds, and other corporate and government securities mutual funds.
Compliance with regulatory standards regarding capital distributions could also limit the amount of dividends that TrustCo may pay to its shareholders.
See Note 14 to the consolidated financial statements contained in TrustCo’s 2025 Annual Report to Shareholders for information concerning the Bank’s regulatory capital requirements.
Reserve Board, OCC, and FDIC that establish a comprehensive capital framework for all U.S. banking organizations, including the Company and the Bank.
4.0% Tier 1 capital to average consolidated assets as reported on consolidated financial statements (the “leverage ratio”).
CET1 capital ratio (CET1 capital to risk-weighted assets) of 18.54%, a Tier 1 capital ratio (Tier 1 capital to risk-weighted assets) of 18.540% and a total capital ratio (total capital to risk-weighted assets) of 19.80%.
Quoted from its 10-K, filed 16 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 20 Apr 1983
- Employees
- 743
- Head office
- 6 METRO PARK ROAD, ALBANY, NY, 12205
- Incorporated in
- NY
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Robert MccormickChairman of the Board, President, Chief Executive Officer of TrustCo and Trustco Bank, since 2001$2.9m
- Mr. Michael OzimekExecutive Vice President, Chief Financial Officer of TrustCo and Trustco Bank$1.3m
- Mr. Robert LeonardExecutive Vice President and Chief Operating Officer of TrustCo and Trustco Bank$1.4m
- Mr. Kevin CurleyExecutive Vice President and Chief Banking Officer of TrustCo and Trustco Bank$1.3m
- Mr. Michael HallGeneral Counsel, Corporate Secretary of TrustCo and Trustco Bank
- Ms. Lisa LucarelliLead Independent Director$152,004
- Dr. Steffani CotugnoIndependent Director$152,004
- Mr. Brian FlynnIndependent Director$152,004
- Mr. Thomas MaggsIndependent Director, since 2005$152,004
- Dr. Anthony MarinelloIndependent Director$152,004
- Mr. Curtis PowellIndependent Director$152,004
- Ms. Kimberly RussellIndependent Director$152,004
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 34
- Environment
- 9
- Social
- 26
- Governance
- 67
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- TrustCo Bank Corp NY is a savings and loan holding company with a subsidiary providing banking services.
- The company is headquartered in Albany, New York, with 743 employees.
- The Bank operates through a community banking segment offering personal and business banking services.
Weaknesses
- The company's source description mentions 778 employees, conflicting with the provided 743 employees.
- The source description includes unverified details about Trustco Realty Corp. and Trustco Financial Services.
- The source description treats the company as a savings and loan holding company, which may not align with its actual structure.
Opportunities
- The company's trust department, Trustco Financial Services, offers estate planning and wealth management services.
- The Bank's subsidiary, Trustco Realty Corp., manages real estate mortgage assets, presenting potential growth areas.
- Community banking segment provides a focus on local customer needs and services.
Threats
- The source description contains untrusted facts, potentially leading to misinformation.
- Conflicting employee numbers (778 vs. 743) may cause confusion about company size.
- The company's structure as a savings and loan holding company may face regulatory challenges.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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