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): April 13, 2005
(April 13, 2005)
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
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(Commission File Number) (IRS Employer Identification No.)
5 Sarnowski Drive, Glenville, New York 12302
(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 8.01 Other Events
A press release was issued on April 13, 2005 announcing Trustco Bank
and Patriot Federal Bank (proposed) sale/purchase of Canajoharie
office. Attached is the press release labeled as exhibit 99(a).
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Reg S-K Exhibit No. Description
99(a) One page press release dated April 13, 2005
announcing Trustco Bank and Patriot Federal
Bank (proposed) sale/purchase of Canajoharie
office.
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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: April 13, 2005
TrustCo Bank Corp NY
(Registrant)
By:/s/ Robert T. Cushing
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Robert T. Cushing
Executive 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) One page press release dated April 5 - 6
13, 2005 announcing Trustco Bank
and Patriot Federal Bank (Proposed)
Sale/Purchase of Canajoharie Office.
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Exhibit 99(a)
TRUSTCO
Bank Corp NY News Release
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5 Sarnowski Drive, Glenville, New York, 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank NASDAQ - TRST
Contact: Robert M. Leonard
Administrative Vice President
518-381-3693
Contact: Gordon E. Coleman
President & Chief Executive Officer
(518) 673-4400
FOR IMMEDIATE RELEASE:
TRUSTCO BANK AND PATRIOT FEDERAL BANK (Proposed)
ANNOUNCE SALE/PURCHASE OF CANAJOHARIE OFFICE
Glenville, New York and Canajoharie, New York - April 13, 2005 - Trustco Bank
(Trustco) and Patriot Federal Bank (Proposed) announced today that they have
entered into an agreement providing for the acquisition by Patriot Federal Bank
(Proposed) of Trustco's Canajoharie branch office, located at 211 Erie
Boulevard, Canajoharie, New York, upon formation. The transaction is subject to
regulatory approval and is expected to close by year-end.
Trustco Bank had acquired the branch location through its acquisition of
Landmark Community Bank in July 2000. Gordon Coleman, who is the proposed
President and Chief Executive Officer of Patriot Federal Bank (Proposed) and
was the President and Chief Executive Officer of Landmark Community Bank at the
time of its sale to Trustco, commented that, "Having the opportunity to acquire
the 211 Erie Boulevard will give us an immediate presence in the Canajoharie
market. We believe that the established location will enable us to more
efficiently and effectively ramp up our banking services as a new bank to serve
the customers in our local banking market."
Robert J. McCormick, President and Chief Executive Officer of Trustco Bank
commented: "By selling this office, which is on the fringe of our market area,
we are able to concentrate our efforts in expanding into our new markets in
downstate New York and Florida. This is a win for both Patriot Federal and
Trustco."
TrustCo is a $2.9 billion bank holding company and through its subsidiary,
Trustco Bank, operates 75 offices in New York, Vermont, and Florida. In
addition, the Bank operates a full service Trust Department. 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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Patriot Federal Bank (Proposed) has filed an application with the Office of
Thrift Supervision to become a federal savings bank and with Federal Deposit
Insurance Corporation for federal deposit insurance. If approved, Patriot
Federal Bank (Proposed) would be a full-service community bank and would
operate initially from the Canajoharie location.
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
forward-looking statements, which speak only as of the date made. Readers are
advised that various risk factors, including, but not limited to: (1) credit
risk, (2) interest rate risk, (3) competition, (4) changes in the regulatory
environment, and (5) changes in general business and economic trends, could
cause the actual results or circumstances for future periods to differ
materially from those anticipated or projected in the forward-looking
statements.
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