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UNITED STATES
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): May 8, 2006
TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)
NEW YORK 0-10592 14-1630287
State or Other Jurisdiction Commission File No. I.R.S. Employer
of Incorporation or Organization Identification Number
5 SARNOWSKI DRIVE, GLENVILLE, NEW YORK 12302
(Address of principal executive offices)
(518) 377-3311
(Registrant's Telephone Number,
Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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TrustCo Bank Corp NY
Item 8.01. Other Events
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Press release dated May 8, 2006 announcing TrustCo Bank Corp NY
ranked number one savings bank in the nation per SNL Financial,
LC, a leading financial services analyst. Attached is a copy of
the press release labeled as Exhibit 99(a).
Item 9.01 Financial Statement and Exhibits
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(c) Exhibits
Reg S-K Exhibit No. Description
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99(a) Press release dated May 8, 2006,
announcing TrustCo Bank Corp NY ranked
number one savings bank in the nation
per SNL Financial, LC, a leading
financial services analyst.
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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: May 8, 2006
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) Press release dated May 8, 2006 5 - 6
announcing TrustCo Bank Corp NY
ranked number one savings bank in
the nation per SNL Financial, LC, a
leading financial services analyst.
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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
FOR IMMEDIATE RELEASE:
TRUSTCO BANK CORP NY
RANKED NUMBER ONE SAVINGS BANK IN THE NATION
Glenville, New York - May 8, 2006 - SNL Financial, LC, a leading financial
services analyst recently ranked TrustCo Bank Corp NY (TrustCo) the number one
Savings Bank in its annual ranking of the top Savings Banks in the nation.
SNL Financial said in their announcement, "Looking at these results, it is
fairly easy to see how TrustCo came out on top in 2005 as the thrift produced
solid results across the board. TrustCo placed first in core Return on Average
Equity (ROAE) with a return of 23.74%, second in core Return on Average Assets
(ROAA) with a 1.89% return, and eighth in efficiency with an efficiency ratio
of 38.56% for 2005. TrustCo's results in the other three categories were also
above the average for the group."
Robert J. McCormick, President and CEO commented "We are proud of our ranking
as the number one Savings Bank in the nation. This recognition reinforces our
belief that by offering a combination of outstanding products and personalized
service, we can continue to provide exceptional returns to our shareholders
year after year."
TrustCo is a $2.9 billion bank holding company and through its subsidiary,
Trustco Bank, operates 83 offices in New York, New Jersey, 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.
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
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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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