TRST - TrustCo Bank Corp NY

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

TrustCo Bank Corp NY

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

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees823

Key Executives

NameTitlePayExercisedYear Born
Mr. Robert Joseph McCormickPres, CEO & Chairman1.98MN/A1964
Mr. Michael M. OzimekExec. VP & CFO490.02kN/A1974
Mr. Robert Michael LeonardExec. VP of Personnel & Chief Risk Officer1.06M83.37k1963
Mr. Eric W. SchreckExec. Officer & Treasurer451.72k5.6k1967
Mr. Scot Reynold SalvadorExec. VP & Chief Lending Officer1.25M63.3k1967
Amounts are as of December 31, 2018 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, a federal savings 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, 2018, it operated through 148 banking offices and 161 automatic teller machines in New York, Florida, Vermont, Massachusetts, and New Jersey. 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 October 4, 2019 is 4. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 5; 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.