TrustCo Bank Corp NY

TrustCo Bank Corp NY is the holding company for Trustco Bank, which provides personal and business banking services to individuals and businesses. The bank 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. Additionally, it acts as executor of estates and trustee of personal trusts, and provides asset and wealth management, estate planning, custodial services, and trustee services for employee benefit plans and corporate pension and profit-sharing trusts.

TrustCo Bank Corp NY is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol TRST. Its securities are traded in US Dollars (USD). The company is headquartered in Glenville, New York, and operates primarily in the United States.

TrustCo Bank Corp NY operates in the Financial Services sector and is classified under the Banks - Regional industry. As a regional bank, it focuses on providing banking services to local communities in New York, Florida, Vermont, Massachusetts, and New Jersey. Its operations include traditional banking activities such as accepting deposits and making loans, as well as trust and wealth management services.

TrustCo Bank Corp NY serves customers through banking offices located in multiple counties across New York, including Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester. It also has a presence in Florida (Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, Volusia), Vermont (Bennington County), Massachusetts (Berkshire County), and New Jersey (Bergen County). Additionally, it operates automatic teller machines for customer convenience.

TrustCo Bank Corp NY generates revenue primarily through its banking operations, including interest income from loans and investments, and fee income from deposit accounts and trust services. As a real estate investment trust (REIT), it also earns income from residential mortgage loans and mortgage-backed securities. Additionally, it provides wealth management, estate planning, custodial services, and acts as trustee for employee benefit plans and corporate pension and profit-sharing trusts, which generate fee-based revenue. The company's diversified portfolio of banking and trust services allows it to earn income from both lending activities and service fees.