ADDED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
The aggregate market value of the common stock held by non-affiliates as of June 30, 2025, the last business day of the Company s second quarter, was $ 611.4 million (based upon the closing price of $33.42 on June 30, 2025 as reported on the Nasdaq Global Select Market).
The following is a summary of the principal risks that in some cases have affected and, in the future, could adversely affect the business, financial condition, results of operations and cash flows of TrustCo.
Risks Related to Our Lending Activities changes in interest rates may significantly impact our financial condition and results of operations; external economic factors, such as changes in monetary policy and inflation and deflation, may have an adverse effect on our business, financial condition and results of operations.
government as a result of political conflicts over legislation to raise the U.S.
government s debt limit may have a material adverse effect on us; the soundness of other financial institutions could adversely affect us; any government shutdown could adversely affect the U.S.
As of December 31, 2025, TrustCo had $6.4 billion in total assets and $5.6 billion in deposits.
Furthermore, TrustCo had 6,582 shareholders of record as of December 31, 2025 and the closing price of the TrustCo common stock on December 31 (the last trading day of 2025) was $41.33.
Subsidiaries Trustco Bank Trustco Bank is a federal savings bank engaged in providing general banking services to individuals and businesses.
and ORE Property, Inc., did not engage in any significant business activities during 2025 and 2024.
REMOVED
The aggregate market value of the common stock held by non-affiliates as of June 30, 2024, the last business day of the Company s second quarter, was $ 529.8 million (based upon the closing price of $28.77 on June 28, 2024 as reported on the Nasdaq Global Select Market) .
Additionally, many of these risks and uncertainties are currently elevated by and may or will continue to be heightened by volatility in financial markets and macroeconomic or geopolitical concerns related to continued elevated interest rates, global political hostilities (including China-Taiwan and U.S.-China relations), global military conflicts (including the conflicts in the Ukraine and the Middle East), and U.S.
Through policy and practice, TrustCo continues to emphasize that it is an equal opportunity employer.
There were 737 full-time equivalent employees of TrustCo at year-end.
TrustCo had 6,961 shareholders of record as of December 31, 2024 and the closing price of the TrustCo common stock on December 31 (the last trading day of 2024) was $33.31.
3 Index Subsidiaries Trustco Bank Trustco Bank is a federal savings bank engaged in providing general banking services to individuals and business.
and ORE Property, Inc., did not engage in any significant business activities during 2024 and 2023.
The aggregate market value of the assets under trust, custody, or management of the trust department of the Bank was approximately $1.15 billion as of December 31, 2024.
Our Market Area At year-end 2024, the Bank operated 154 automatic teller machines and 136 banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York, Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida, Bennington County in Vermont, Berkshire County in Massachusetts and Bergen County in New Jersey.
Trustco Bank also lends in Essex and Fulton counties of New York, Essex, Hudson, Morris, and Passaic counties of New Jersey, Collier, Lee, Marion, Pasco, Pinellas, St.