TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program

Core Viewpoint - TrustCo Bank Corp NY has announced a new stock repurchase program allowing the repurchase of up to 2,000,000 shares, approximately 11% of its outstanding shares, aimed at increasing shareholder value [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase program permits shares to be repurchased in open market or private transactions, including block trades, in accordance with SEC Rule 10b5-1 [1]. - The company recently completed a previous repurchase program of one million shares earlier in December 2025 [1]. - Repurchases will be made at management's discretion over the next twelve months, considering factors such as stock availability, market conditions, and TrustCo's financial performance [2]. Group 2: Company Background - TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company operating 135 offices across New York, New Jersey, Vermont, Massachusetts, and Florida [4]. - The company has a tradition of over 100 years in providing high-quality services, including a variety of deposit and loan products, as well as investment services through its Wealth Management Department [4]. - TrustCo Bank is recognized as one of the best performing savings banks in the country [4].