| Business Summary | | TrustCo
Bank
Corp
NY
is
a
multi-bank
holding
company
that
was
established
to
acquire
all
of
the
outstanding
stock
of
Trustco
Bank,
National
Association
(the
Bank),
formerly
known
as
Trustco
Bank
New
York.
The
Bank
is
a
national
banking
association
engaged
in
a
general
commercial
banking
business
serving
individuals,
partnerships,
corporations,
municipalities
and
governments
of
New
York.
The
Bank
operates
46
automatic
teller
machines
and
54
banking
offices
in
Albany,
Columbia,
Greene,
Rensselaer,
Saratoga,
Schenectady,
Schoharie,
Warren
and
Washington
counties
of
New
York
State.
The
largest
part
of
such
business
consists
of
accepting
deposits
and
making
loans
and
investments.
The
Bank
provides
a
wide
range
of
both
personal
and
business
banking
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TRST,
a
bank
holding
company
for
Trustco
Bank,
is
a
national
banking
association
engaged
in
commercial
banking
business.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$86.3
million.
Net
interest
income
after
loan
loss
provision
fell
6%
to
$45
million.
Net
income
rose
11%
to
$23
million.
Net
interest
income
reflects
increases
in
interest
earning
assets,
offset
by
lower
interest
margins.
Earnings
reflect
a
net
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert McCormick, 64 Chairman,
Pres, CEO | $2.7M | -- | Robert Cushing, 45 CFO,
VP, Director | 924K | $172K | Nancy McNamara, 51 VP | 933K | -- | Robert McCormick, 37 VP | 200K | -- | Henry Collins, 46 Sec. | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|