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TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program
GLENVILLE, N.Y., Dec. 19, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) (the “Company” or “TrustCo”) today announced that its Board of
About this update from Trustco Bank Corp Ny
[{"type":"text","content":"GLENVILLE, N.Y., Dec. 19, 2025 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) (the “Company” or “TrustCo”) today announced that its Board of Directors has approved a new stock repurchase program. Under the stock repurchase program, TrustCo may repurchase up to 2,000,000 shares of its common stock, or approximately 11% of its currently outstanding shares. The repurchase program will permit shares to be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The Company completed a previously authorized one-million share repurchase program earlier this month. Chairman, President, and Chief Executive Officer Robert J. McCormick said “As a Company, we have determined that the best investment we can make is in ourselves. Our business model is sound and the transactional risk is low. This announced substantial share repurchase program is intended to fulfill our ever-present goal of increasing shareholder value. Our capital-building strategy over the past few years made it possible for us to fully execute the million-share buyback completed during 2025 and positions us to execute on the new program announced today. I am proud of our team for laying the foundation that supports these efforts and for effectively carrying them out.” Repurchases will be made at management’s discretion over the next approximately twelve months at prices management considers to be attractive and in the best interests of both TrustCo and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and TrustCo’s financial performance. Open market purchases will be conducted in accordance with applicable legal requirements. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity and capital requirements, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate TrustCo to purchase any particular number of shares. About TrustCo Bank Corp NY TrustCo Bank Corp NY is ...