GLENVILLE, N.Y., April 12, 2019 (GLOBE NEWSWIRE) --
TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter
2019 results after the market close on April 22, 2019. Results are released on the 21st of the reporting months (January,
April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A
conference call to discuss the results will be held at 9:00 a.m. Eastern Time on April 23, 2019. Those wishing to participate in
the call may dial toll-free 1-888-339-0764. International callers must dial 1-412-902-4195. Please ask to be joined into the
TrustCo Bank Corp NY / TRST call. A replay of the call will be available for thirty days by dialing 1-877-344-7529 (1-412-317-0088
for international callers), Conference Number 10130170.
The call will also be audio webcast at https://services.choruscall.com/links/trst190429.html, and will be available for one year.
The earnings press release will be posted on the Company’s Investor Relations website at: http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100465. Other information, including the
Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at
this website.
TrustCo Bank Corp NY is a $5.0 billion savings and loan holding company and through its subsidiary, Trustco
Bank, operates 148 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit www.trustcobank.com.
In addition, the Bank’s Financial Services Department offers a full range of investment services, retirement
planning and trust and estate administration services.
The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol
TRST.
Safe Harbor Statement
All statements in this news release that are not historical are forward-looking statements within the meaning of
the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as "anticipate,"
"intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should,"
"will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make
regarding our expectations for our performance during current and future periods and for the growth of loans and deposits
throughout our branch network, our ability to capitalize on economic changes in the areas in which we operate and the extent to
which higher expenses to fulfill operating and regulatory requirements recur or diminish over time. Such forward-looking statements
are subject to factors that could cause actual results to differ materially for TrustCo from those discussed. TrustCo wishes to
caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The
following important factors, among others, in some cases have affected and in the future could affect TrustCo’s actual results and
could cause TrustCo’s actual financial performance to differ materially from that expressed in any forward-looking statement: our
ability to continue to originate a significant volume of one-to-four family mortgage loans in our market areas; our ability to
continue to maintain noninterest expense and other overhead costs at reasonable levels relative to income; our ability to comply
with the supervisory agreement entered into with Trustco Bank’s regulator and potential regulatory actions if we fail to comply;
restrictions or conditions imposed by our regulators on our operations that may make it more difficult for us to achieve our goals;
the future earnings and capital levels of Trustco Bank and the continued ability of Trustco Bank under regulatory rules and the
supervisory agreement to distribute capital to TrustCo, which could affect our ability to pay dividends; results of examinations of
Trustco Bank and TrustCo by our respective regulators; our ability to make accurate assumptions and judgments regarding the credit
risks associated with lending and investing activities; the effect of changes in financial services laws and regulations and the
impact of other governmental initiatives affecting the financial services industry; the effects of, and changes in, trade, monetary
and fiscal policies and laws, including interest rate policies of the Federal Reserve Board, inflation, interest rates, market and
monetary fluctuations; the perceived overall value of our products and services by users, including in comparison to competitors’
products and services and the willingness of current and prospective customers to substitute competitors’ products and services for
our products and services; real estate and collateral values; changes in accounting policies and practices, as may be adopted by
the bank regulatory agencies, the FASB or PCAOB; changes in local market areas and general business and economic trends, as well as
changes in consumer spending and saving habits; our success at managing the risks involved in the foregoing and managing our
business; and other risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and in
our subsequent quarterly reports on Form 10-Q or other securities filings.
Contact:
Robert Leonard
Executive Vice President and Chief Risk Officer
(518) 381-3693
