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): August 17, 1999
(August 17, 1999)
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
A press release was issued on August 17, 1999, declaring a
quarterly cash dividend of $0.275 per share, payable October
1,1999, and the issuance of a two for one stock split, to be
distributed November 12, 1999. Attached is the press release
labeled as exhibit 99(a).
Item 7 (c) Exhibits
Reg S-K Exhibit No. Description
99(a) Press Release of August 17, 1999,
declaring a quarterly cash dividend
of $0.275 per share, payable October 1,
1999, and the issuance of a two for
one stock split, to be distributed
November 12, 1999.
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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.
Date: August 17, 1999
TrustCo Bank Corp NY
(Registrant)
By:/s/ Robert T. Cushing
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) Press release dated August 17, 1999 5
declaring a quarterly cash dividend of
$0.275 per share, payable October 1,
1999, and the issuance of a two for one
stock split, to be distributed November 12,
1999.
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Exhibit 99(a)
TRUSTCO
Bank Corp NY News Release
___________________________________________________________________________
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 AND STOCK SPLIT
Schenectady, New York - August 17, 1999
On August 17, 1999 the Board of Directors of the Company declared a
quarterly dividend of $0.275 per share, payable October 1, 1999, to the
shareholders of record at the close of business on September 3, 1999.
The Company also announced that its Board of Directors approved a two for
one stock split. The additional shares are to be distributed on November
12, 1999 to shareholders of record on October 22, 1999. The Board of
Directors also expressed its intent to pay a $0.60 annual dividend rate per
share, a 9% increase over the present dividend rate.
Joseph A. Lucarelli, Jr. was elected a Director of the Company and its
subsidiary, Trustco Bank, N.A. Mr. Lucarelli is the President of Bellevue
Builders Supply Inc.
TrustCo is a $2.4 billion bank holding company and through its subsidiary
bank, Trustco Bank, National Association, operates 53 bank offices in
Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Schoharie,
Warren, and Washington counties. In addition, the bank operates a full
service Trust Department with $1.28 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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