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TrustCo Bank Corp NY (TRST)

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TrustCo Bank Corp NY

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

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees813

Key Executives

NameTitlePayExercisedAge
Mr. Robert Joseph McCormickCEO, Pres, Director, CEO of Trustco Bank, Pres of Trustco Bank & Director of Trustco Bank1.5MN/A53
Mr. Michael M. OzimekCFO, Sr. VP, CFO of Trustco Bank and Sr. VP of Trustco Bank313.89k33.62k43
Mr. Robert Thomas CushingCOO, Exec. VP, COO of Trustco Bank and Exec. VP of Trustco Bank1.08M109.42k61
Mr. Scot Reynold SalvadorChief Banking Officer & EVP927.98k62.64k50
Mr. Robert Michael LeonardChief Risk Officer, EVP, Chief Risk Officer of Trustco Bank and EVP of Trustco Bank620.03k31.82k54
Amounts are as of December 31, 2016 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 that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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. As of December 31, 2016, it operated 145 offices and 157 automatic teller machines in New York, Vermont, Massachusetts, New Jersey, and Florida. 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 August 1, 2017 is 5. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 7; Compensation: 2.

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.