| TRUSTCO | Exhibit 99 (a) |
| Bank Corp NY | News Release |
| 5 Sarnowski Drive, Glenville, New York, 12302 | |
| (518) 377-3311 Fax: (518) 381-3668 | |
| | |
| Subsidiary: Trustco Bank | NASDAQ -- TRST |
Vice President/Treasurer
(518) 381-3607
FOR IMMEDIATE RELEASE
TrustCo Recognized as One of
America’s Top Banks
Glenville, New York – February 12, 2010
Bank Director Magazine once again named TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) as one of America’s top banks. In its 1st Quarter 2010 edition the magazine names the top 150 performers in the banking industry. TrustCo ranked 30th for the 2009 calendar year based on an objective analysis of profitability, capital strength and asset quality. Chairman and President and Chief Executive Officer Robert J. McCormick noted, “We are again pleased that this independent analysis of TrustCo’s financial performance and condition affirms that our business model has effectively met the many challenges of the economic downturn.”
Mr. McCormick further noted, “Our recently reported 2009 financial results showed solid earnings and continued progress in growing loans and deposits, as well as further expansion of our net interest. We think the trends we saw during 2009 bode well for 2010.”
TrustCo Bank Corp NY is a $3.7 billion bank holding company and through its subsidiary, Trustco Bank, operates 132 offices in New York, Florida, Massachusetts, New Jersey and Vermont.
In addition, the Bank operates a full service Trust Department. The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.
Except for the historical information contained herein, the matters discussed in this news release and other information contained in TrustCo’s Securities and Exchange Commission filings may express “forward-looking statements.” Those “forward-looking statements” may involve risk and uncertainties, including statements containing future events or performance and assumptions and other statements of historical facts.
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: (1) credit risk, (2) interest rate risk, (3) competition, (4) changes in the regulatory environment, (5) real estate and collateral values, and (6) changes in national and local market areas and general business and economic trends. The foregoing list should not be construed as exhaustive, and the Company disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements, or to reflect the occurrence of anticipated or unanticipated events. Additional discussion of risks can be found in the Company’s annual reports, Form 10-K and Form 10-Q filings.
