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): May 19, 1998
(May 19, 1998)
TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-10592 14-1630287
(Commission File Number) (IRS Employer Identification No.)
192 Erie Boulevard, Schenectady, New York 12305
(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
Letter to Shareholders dated May 19, 1998, discussing results of the
Annual Meeting held May 18, 1998. Attached is a copy of the Letter to
Shareholders, labeled as Exhibit 99(a). Also, on May 19, 1998, TrustCo Bank Corp
NY ("TrustCo") issued a Press Release declaring a cash dividend of $0.275 per
share, payable July 1, 1998.
Attached is a copy of the Press Release labeled as Exhibit 99(b).
Item 7. Exhibits
Reg S-K Exhibit No. Description
99(a) Letter to Shareholders dated May 19,
1998, discussing results of Annual Meeting held
on May 18, 1998.
99(b) Press Release of May 19,
1998, declaring a cash
dividend of $0.275 payable
on July 1, 1998 to
shareholders of record June
12, 1998.
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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 thereunto duly authorized.
Dated: May 19, 1998
TrustCo Bank Corp NY
(Registrant)
By: /s/Robert T. Cushing
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Robert T. Cushing
Vice President and
Chief Financial Officer
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Exhibits Index
The following exhibits are filed herewith:
Reg S-K
Exhibit No. Description Page
99(a) Letter to Shareholders dated May 19, 1998, 5
discussing results of Annual Meeting held on May 18,
1998.
99(b) Press release dated May 19, 1998, declaring a 6
quarterly cash dividend of $0.275 per share, payable
July 1, 1998, to the shareholders of record at the
close of business on June 12, 1998.
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Exhibit 99(a)
TRUSTCO
Bank Corp NY
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192 Erie Boulevard, Schenectady, New York, 12305 Robert A. McCormick
(518) 377-3311 Fax: (518) 381-3668 President and
Chief Executive Officer
Subsidiary: Trustco Bank, National Association
May 19, 1998
TO OUR SHAREHOLDERS:
I would like to report to you the results of our Annual Meeting held May
18, 1998. The TrustCo shareholders were asked to vote on two proposals this
year. Both proposals were approved by overwhelming majorities of the shares
outstanding.
The first proposal dealt with the election of four directors to serve for
three-year terms. All four were elected and include:
M. Norman Brickman, President, D. Brickman, Inc.
Anthony J. Marinello, MD, PhD, Physician
Robert A. McCormick, President & Chief Executive Officer, TrustCo Bank Corp NY
Kenneth C. Petersen, President & Chief Operating Officer, Schenectady
International, Inc.
The second proposal ratified the adoption of KPMG Peat Marwick LLP as the
independent certified public accountants for TrustCo for 1998.
We thank all the shareholders who returned their proxies. Your support
and confidence are greatly appreciated.
I would also like to report that today the Board of Directors declared a
regular quarterly dividend of $0.275 per share. The dividend is payable
July 1, 1998 to shareholders of record at the close of business on June 12,
1998.
Thank you for the confidence you have placed in TrustCo.
Sincerely,
/s/ Robert A. McCormick
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Exhibit 99(b)
TRUSTCO
Bank Corp NY News Release
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192 Erie Boulevard, Schenectady, New York, 12305
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank NASDAQ -- TRST
Contact: William F. Terry
Senior Vice President and Secretary
518-381-3611
FOR IMMEDIATE RELEASE:
TRUSTCO DECLARES CASH DIVIDEND
Schenectady, New York -- May 19, 1998
On May 19, 1998 the Board of Directors of the Company declared a quarterly
dividend of $0.275 per share, payable July 1, 1998, to the shareholders of
record at the close of business on June 12, 1998.
TrustCo is a $2.4 billion bank holding company and through its subsidiary bank,
Trustco Bank, National Association, operates 51 bank offices in Albany,
Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington
counties. In addition, the bank operates a full service Trust Department with
$1.15 billion of assets under management. The common shares of TrustCo are
traded on the Nasdaq National Market tier of the Nasdaq Stock Market under the
symbol TRST.
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