TRST Stock Discussion

TrustCo Bank Corp NY Description

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company accepts deposits, including checking and savings accounts, time deposits, interest bearing checking accounts, money market deposits, and demand deposits. It also provides commercial real estate loans and other commercial loans; residential real estate loans, including first mortgages, home equity loans, and home equity lines of credit; and other consumer loans, such as installment loans and personal lines of credit. The company, through its subsidiary, Trustco Realty Corp., operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, TrustCo Bank Corp NY provides asset and wealth management; estate planning and related advice; and custodial services, as well as acts as trustee for personal trusts, employee benefit plans, and corporate pension and profit sharing trusts. The company operates 138 banking offices and 146 automatic teller machines in New York, Florida, Vermont, Massachusetts, and New Jersey. TrustCo Bank Corp NY was founded in 1902 and is headquartered in Glenville, New York.

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Bank Real Estate Investment Trust Mortgage Backed Security Mortgage Loan Real Estate Loans Demand Deposit Residential Real Estate Loans Wealth Management Custodial Services Business Banking Services