TrustCo Bank Corp NY

Regional bank holding company serving New York, Florida and nearby states

What TrustCo Bank NY does

TrustCo is the parent company of Trustco Bank, a community bank founded in 1902 and based in Glenville, New York. It takes deposits and makes loans to individuals and businesses through branches and ATMs across New York and Florida, plus a few locations in Vermont, Massachusetts and New Jersey. It also manages trusts, estates and investments for clients.

How TrustCo Bank NY makes money

It earns most of its money from the spread between interest collected on loans (especially residential mortgages) and securities and the interest paid on deposits. It also earns fee income from trust, wealth management, estate and custodial services.

Products & services

• Personal and business deposit accounts
• Residential mortgage loans
• Business loans
• Trust and estate administration
• Asset and wealth management
• Employee benefit and pension plan trustee services