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TRST Stock - TrustCo Bank Corp. N Y


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TrustCo Bank Corp. N Y logo

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank offering a wide array of personal and business banking services to individuals, partnerships, and corporations across its footprint. The bank primarily focuses on accepting deposits and extending loans, catering to the financial needs of its diverse clientele.

Additionally, TrustCo Bank Corp NY functions as a real estate investment trust (REIT), strategically acquiring, managing, and overseeing a portfolio of real estate mortgage assets. This includes residential mortgage loans and mortgage-backed securities, reinforcing its commitment to prudent asset management practices.

Beyond traditional banking services, the company provides comprehensive trust and wealth management solutions. It serves as executor of estates, trustee of personal trusts, and manages various employee benefit plans and corporate pension trusts. TrustCo Bank Corp NY also offers estate planning advice, custodial services, and other related financial advisory services.

Headquartered in Glenville, New York, TrustCo Bank Corp NY operates through a network of 147 banking offices and 163 ATMs spread across New York, New Jersey, Vermont, Massachusetts, and Florida. With roots dating back to its establishment in 1902, the company continues to uphold a legacy of financial stability and community-focused banking services.

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Stock Sector: Banking: Northeast Banks

 

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