Trustco Bank Headquarters Information

Trustco Bank markets itself as a low cost provider of high quality banking services and products. This commercial bank is currently headquartered in Glenville, NY.

Trustco currently serves its customers through 145 banking locations. 51 of these are located in the state of Florida. The other branches are located in:

• New York
• Massachusetts
• Vermont
• New Jersey

By the end of 2013, the bank’s assets were valued at $4.6 billion. The bank has a reputation of always paying its shareholders dividends for more than 100 consecutive years. The bank has always been profitable. Its stocks are currently traded on the NASDAQ.

History of Trustco Bank

• 1902 – The predecessor of Trustco Bank was established. Schenectady Trust Company was formed following the purchase of Schenectady Bank’s assets. The company had 11 employees and $762,578.11 in deposits. By the end of the first year, the deposits had increased to $1.5 million.
• 1912 – The success of General Electric meant that business in Schenectady was good. In 1919, the company put up the building now serving as its main branch office. It’s located at 320 State Street. The bank’s assets at the end of 1912 were valued at $4.5 million.
• 1920s – At the end of 1922, the bank’s assets were valued at $12.1 million. The bank opened its 2^nd and 3^rd branches later in the decade and helped to spur the building boom by providing mortgages.
• 1930s – The bank’s assets were valued at $16.7 million in 1932. This was the depression era by the company still continued to pay dividends to its shareholders.
• 1940s – In 1942, the bank’s assets stood at $34.9 million. The bank started modernizing its main branch and set plans in place to provide car loans as cars became increasingly common.
• 1950s – The bank had $74.2 million in assets at the end of 1952. In the decade that followed, the bank started to expand into suburbs.
• 1960s – The bank opened more branches as it continued to grow its assets
• 1970s – The bank’s main office was renovated and bought additional properties
• 1980s – In 1982, the bank’s assets were valued at $301.4 million and the company had a market cap of $17 million. In the same year, TrustCo Bank Corp NY was formed
• 1990s – By the end of 1995, TrustCo had assets valued at $2.1 billion

TrustCo Bank Headquarters

The headquarters of TrustCo Bank are located at 1 Sarnowski Drive in the town of Glenville in New York State.

The building is a single-story office building that sits on an 8.6-acre lot. Construction of the building was completed in 1990. The building has 13,295 square feet of space inside. 1 Sarnowski Drive is located in the neighborhood of East Glenville.

The Future of TrustCo Bank

TrustCo Bank has been growing significantly in recent decades. In the decade before 2012, the bank had opened up 76 new branches. The bank already has a major presence in Florida despite having entered the market only as recently as 2003.

It can be expected that the bank will continue to grow in size and assets in the near future if the recent expansion continues.

Trustco Bank Headquarters Address

1 Sarnowski Dr, Schenectady, NY 12302, USA

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