TrustCo Bank Corp NY Announces Two-Million Share Stock Repurchase Program
TrustCo Bank Corp NY has launched a new stock repurchase program after completing its previous one-million share buyback. The company’s Board of Directors approved the plan, which targets up to 2,000,000 shares—around 11% of its current outstanding stock. Shares trade on the Nasdaq Global Select Market under the symbol TRST.
The new program was announced on December 19, 2025, following the completion of an earlier repurchase initiative. Management will decide when to buy back shares over the next year, depending on market conditions, stock price, and the bank’s financial performance.
Repurchases can happen through open market transactions, private deals, block trades, or under SEC Rule 10b5-1 trading plans. Robert J. McCormick, the company’s Chairman, President, and CEO, stated that the move aims to boost shareholder value. TrustCo operates as a $6.3 billion savings and loan holding company with 135 branches across five states. It provides deposit and loan services alongside wealth management solutions.
The repurchase program allows flexibility in how shares are acquired, with no fixed end date. The company has noted that future results may differ from current projections due to risks and market uncertainties. TrustCo’s stock remains available for trading under the ticker TRST.
