TRST 8-K
Trustco Bank Corp N Y (TRST)
8-K
2025-02-20
For: 2025-02-18
View Original
Added on
April 09, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 18, 2025
(Exact name of registrant as specified in its charter)
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State or Other Jurisdiction of Incorporation or Organization
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Commission File No.
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I.R.S. Employer Identification
Number
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(Address of principal executive offices)
(518 ) 377-3311
(Registrant’s Telephone Number,
Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
TrustCo Bank Corp NY
| Item 8.01. |
Other Events
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On February 19, 2025 TrustCo Bank Corp NY (“TrustCo”) issued a press release announcing that on February 18, 2025 its Board of Directors had declared a
quarterly cash dividend of $0.36 per share. The dividend is payable April 1, 2025, to shareholders of record at the close of business on March 7, 2025. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99(a) and
is incorporated herein by reference.
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Financial Statements and Exhibits
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Exhibits
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Reg S-K Exhibit No.
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Description
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Press release dated February 19, 2025 announcing that on February 18, 2025 the Board of Directors
of TrustCo had declared a quarterly cash dividend of $0.36 per share.
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104
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Dated: February 19, 2025
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TrustCo Bank Corp NY
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(Registrant)
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By:
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/s/ Michael M. Ozimek
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| Michael M. Ozimek | ||
| Executive Vice President and | ||
| Chief Financial Officer | ||
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Exhibit 99(a)
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| Corrected News Release |
5 Sarnowski Drive, Glenville, New York 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank
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Contact:
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Robert M. Leonard
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Executive Vice President
(518) 381-3693
TrustCo Announces First Dividend of 2025;
Continues Annualized Payout of $1.44 per share
Glenville, New York – February 19, 2025
The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) on February 18, 2025, declared a quarterly cash dividend of $0.36 per share, or $1.44
per share on an annualized basis. The dividend will be payable on April 1, 2025 to shareholders of record at the close of business on March 7, 2025.
Chairman, President, and Chief Executive Officer Robert J. McCormick said: “With 2025 now fully under way, many people, us included, see cause for optimism.
Since 1904, TrustCo has delivered a strong dividend every quarter. This kind of payout, and the steady corporate performance that supports it, are TrustCo hallmarks that fuel more than just optimism, but rather lead to the genuine satisfaction that
investors realize from meeting their financial goals. We are very proud of the team and the effort that make our reliable dividend - and the positive financial benefits that come with it - possible.”
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a $6.2 billion savings and loan holding company. Through its subsidiary, Trustco Bank, Trustco operates 136 offices in New York, New
Jersey, Vermont, Massachusetts and Florida. Trustco has a more than 100-year tradition of providing high-quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank’s Financial Services Department offers a full
range of investment services, retirement planning and trust and estate administration services. Trustco Bank is rated as one of the best performing savings banks in the country. The common shares of TrustCo are traded on the NASDAQ Global Select
Market under the symbol TRST. For more information, visit www.trustcobank.com.
Forward-Looking Statements
All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should,"
"will" and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements
are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: the effects of ongoing
inflationary pressures and changes in monetary and fiscal policies and laws, including increases in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; changes in and uncertainty related to benchmark interest
rates used to price loans and deposits; instability in global economic conditions and geopolitical matters; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling;; the risks and uncertainties under the heading
“Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q or other securities filings, including our upcoming annual report on Form 10-K for fiscal 2024; the other financial,
operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and
capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims,
however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.