TrustCo Bank Corp NY (NASDAQ:TRST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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TrustCo Bank Corp NY (NASDAQ:TRST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 20, 2017, William J. Purdy, 82, a member of the Board of Directors of TrustCo Bank Corp NY (the “Company”) since 1991, notified the Company of his decision to resign as a director of the Company and its subsidiary Trustco Bank. Mr. Purdy’s decision to resign is not as a result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The resignation was effective on June 20, 2017.
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About TrustCo Bank Corp NY (NASDAQ:TRST)

Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. The Bank’s business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank operates approximately 160 automatic teller machines (ATMs) and approximately 150 banking offices. Its loan portfolio includes commercial loans, real estate-construction loans, real estate-mortgage loans, home equity lines of credit and installment loans. It offers a range of deposits, such as demand deposits, savings, time deposits, interest bearing checking accounts and money market deposits. Its subsidiary, ORE Subsidiary Corp., is formed to hold and manage foreclosed properties acquired by the Bank.