TrustCo Bank Corp NY (TRST)

26.93 +0.97 (+3.74%) At close: 04:00PM EDT

TrustCo Bank Corp NY

5 Sarnowski Drive
Glenville, NY 12302
United States
518 377 3311
https://www.trustcobank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 808

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Robert Joseph McCormick	President, CEO & Chairman of the Board	2.03M	N/A	1964
Mr. Michael M. Ozimek	Executive VP & CFO	988.06k	N/A	1974
Mr. Scot Reynold Salvador	Executive Vice President of Commercial Banking	1.12M	N/A	1967
Mr. Robert Michael Leonard	Executive Vice President of Corporate Services & Risk	1.16M	N/A	1963
Mr. Kevin M. Curley	Executive Vice President of Retail Banking	996.37k	N/A	1966
Mr. Michael James Hall Esq.	General Counsel & Corporate Secretary	N/A	N/A	1965
Mr. Eric W. Schreck	Executive VP & Treasurer	451.72k	5.6k	1967

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.

Corporate Governance

TrustCo Bank Corp NY’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 6; Board: 5; Shareholder Rights: 4; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.