TRUSTCO BANK CORP N Y
8-K, 1999-02-16
STATE COMMERCIAL BANKS
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                       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): February 16, 1999
                                                        (February 16, 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


<PAGE>
                                                                  

TrustCo Bank Corp NY


Item 5.           Other Events

                  A press  release was issued on February 16, 1999,  declaring a
                  quarterly cash dividend of $0.275 per share,  payable April 1,
                  1999, to the  shareholders  of record at the close of business
                  on March 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  dated  February 16,1999,
                                        declaring  a  quarterly cash dividend of
                                        $0.275 per share,  payable April 1,1999,
                                        to the  shareholders of record at the 
                                        close of business on March 12, 1999.







                                    -2- 
<PAGE>


                                   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: February 16, 1999

                              TrustCo Bank Corp NY
                              (Registrant)


                             By:/s/ Robert T. Cushing
                                    Robert T. Cushing
                                    Vice President and
                                    Chief Financial Officer

                                    -3-
<PAGE>


                                 Exhibits Index


The following exhibits are filed herewith:


Reg S-K Exhibit No.    Description                                Page
- ------------------     ----------------------------            ----------
         99(a)         Press release dated February 16, 1999,      5
                       declaring a quarterly cash dividend  of
                       $0.275 per share, payable April 1, 1999,
                       to the  shareholders  of  record at the 
                       close of business on March 12, 1999.

                                    -4-
<PAGE>

                                                     Exhibit 99(a)
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

Schenectady, New York - February 16, 1999


         On February 16, 1999 the Board of  Directors of the Company  declared a
         quarterly  dividend of $0.275 per share,  payable April 1, 1999, to the
         shareholders of record at the close of business on March 12, 1999.

         TrustCo  Bank Corp NY is a $2.5  billion  bank  holding  company  which
         services  the  financial   needs  of  customers   through  its  banking
         subsidiary,  Trustco Bank, National Association.  Trustco Bank operates
         53 bank  offices in Albany,  Columbia,  Greene,  Rensselaer,  Saratoga,
         Schenectady,  Schoharie,  Warren, and Washington counties. In addition,
         Trustco  Bank  operates  a full  service  Trust  Department  with $1.24
         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.

                                  # # # #



                                    -5-


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