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Balance Sheet Cash Flow Statement 5 Sarnowski Dr. Glenville, NY 12302 NY Tel. 518-377-3311 Toll Free 800-670-3110 Fax 518-381-3668 |
Type: Public
On the web:
http://www.trustcobank.com
Employees:
756
Employee growth: 12.8%
In Bank We Trustco. TrustCo Bank Corp is the holding company for Trustco Bank, which operates in more than a dozen counties in New York, a handful of counties in Florida, and in a counties in Vermont, Massachusetts, and New Jersey. It has about 110 branches, offering individual and business customers a variety of deposit products and trust services. It primarily originates residential mortgage loans, which account for about three-quarters of its loan portfolio; it also writes commercial loans and home equity lines of credit. During 2006 and 2007 TrustCo Bank opened nearly 30 new branches primarily located in Florida, downstate New York, and New Jersey. It plans to continue opening new locations.
Key numbers for fiscal year ending December, 2008:
Sales: $115.3M
One year growth: 1.0%
Net income: $34.1M
Income growth: (13.7%)
Officers:
EVP and CFO, TrustCo Bank Corp and Trustco Bank: Robert T. (Bob) Cushing
VP Sales and Marketing, Trustco Bank: Regional Banks & Thrifts
Competitors:
First Niagara Financial
HSBC USA
KeyCorp
