TrustCo Bank Corp NY Announces Stock Repurchase Program

TrustCo Bank Corp NY (the "Company") announced that its Board of Directors has authorized a new stock repurchase program, allowing the company to buy back up to 2,000,000 shares of its common stock, approximately 11% of its outstanding shares. This program follows the completion of a previous one-million share repurchase program. The company stated that repurchases will be made opportunistically over the next twelve months, at prices deemed attractive and in the best interest of the company and its stockholders. The program may be suspended or terminated at any time based on various factors including market conditions and capital requirements. TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company with 135 offices across five states.