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 18, 1998
(August 18, 1998)
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
TrustCo Bank Corp NY
Item 5. Other Events
A press release was issued on August 18, 1998, declaring a
quarterly cash dividend of $0.275 per share, payable October
1, 1998, and the issuance of a 15% stock split, to be
distributed on November 13, 1998. 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 August
18, 1998, declaring a
quarterly cash dividend of
$0.275 per share, payable
October 1, 1998, and the
issuance of a 15% stock
split, to be distributed on
November 13, 1998.
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 18, 1998
TrustCo Bank Corp NY
(Registrant)
By:/s/Robert T. Cushing
---------------------
Robert T. Cushing
Vice President and
Chief Financial Officer
Exhibits Index
The following exhibits are filed herewith:
Reg S-K Exhibit No. Description Page
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99(a) Press release dated August 18, 5
1998, declaring a quarterly
cash dividend of $0.275 per
share, payable October 1,
1998, and the issuing of a
15% stock split, to be
distributed on November 13,
1998.
Exhibit 99(a)
TRUSTCO
Bank Corp NY News Release
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192 Erie Boulevard, Schenectady, New York, 12305
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank
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 18, 1998
On August 18, 1998 the Board of Directors of the Company declared a quarterly
dividend of $0.275 per share, payable October 1, 1998, to the shareholders of
record at the close of business on September 11, 1998.
The Company also announced that its Board of Directors approved a 15% stock
split. The additional shares are to be distributed on November 13, 1998 to
shareholders of record on October 23, 1998. The Board of Directors also
expressed its intent to maintain its $1.10 annual dividend rate per share.
TrustCo is a $2.4 billion bank holding company and through its subsidiary bank,
Trustco Bank, National Association, operates 52 bank offices in Albany,
Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington
counties. In addition, the bank operates a full service Trust Department with
$1.17 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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