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):
March 22, 1996
(March 14, 1996)
TrustCo Bank Corp NY
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(Exact name of registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation)
0-10592 14-1630287
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(Commission File Number) (IRS Employer Identification No.)
192 Erie Boulevard, Schenectady, New York 12305
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(Address of principal executive offices) (Zip Code)
Registrant"s telephone number, including area code:
(518) 377-3311
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TrustCo Bank Corp NY
Item 5. Other Events
_______ ____________
On March 14, 1996, TrustCo Bank Corp NY ("TrustCo")
issued a press release regarding a purchase offer made to ALBANK
Financial Corporation by TrustCo Bank Corp NY. Attached is a
copy of the press release labeled as Exhibit 99(a).
Item 7. (c) Exhibits
______ Reg S-K Exhibit No. Description
___________________ ____________
99(a) Press Release of
March 14, 1996
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 thereunto duly
authorized.
Dated: March 22, 1996
TrustCo Bank Corp NY
(Registrant)
By: /s/Robert T. Cushing
____________________
Robert T. Cushing
Vice President and
Chief Financial
Officer
Exhibits Index
________________
The following exhibits are filed herewith:
Reg S-K Exhibit No. Description
___________________ ____________
99(a) Press Release of
March 14, 1996.
Exhibit 99(a)
William F. Terry
Senior Vice President and Secretary
518-381-3611
FOR IMMEDIATE RELEASE:
Schenectady, New York - March 14, 1996
Resulting from conversations initiated in 1993 by
Herbert Chorbajian, Chairman and Chief Executive
Officer of ALBANK Financial Corp, on March 8, 1996
TrustCo Bank Corp NY made an offer to acquire ALBANK
Financial Corp. The offer represented significant
premium over the market value at that time, and was in
a combination of cash and TrustCo stock. ALBANK
management refused to negotiate, and its Board of
Directors rejected the offer on March 12, 1996.
TrustCo is a $2.2 billion bank holding company and
through its subsidiary, Trustco Bank, National
Association, operates 47 banking offices in Albany,
Columbia, Greene, Rensselaer, Saratoga, Schenectady,
Warren, and Washington counties. The common shares of
the Company are traded on the Nasdaq National Market
tier of The Nasdaq Stock Market under the symbol TRST.
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