TrustCo Bank Corp NY (TRST) Stock Analysis

What TrustCo Bank Corp NY does

TrustCo Bank Corp NY functions as the parent entity for Trustco Bank, a federally regulated savings institution. This subsidiary delivers a comprehensive suite of banking solutions, addressing the financial needs of private individuals, partnerships, and corporate clients alike. Its core activities encompass accepting customer deposits, extending loans, and facilitating investment opportunities. Beyond its conventional banking operations, the corporation also holds the status of a real estate investment trust (REIT). In this capacity, it procures, retains, and oversees a portfolio of real estate mortgage assets, including residential home loans and various mortgage-backed securities. Furthermore, TrustCo Bank Corp NY assumes significant fiduciary responsibilities. It serves as an executor for estates and acts as a trustee for personal trusts. The company also provides specialized asset and wealth management, insightful estate planning guidance, and secure custodial services. Additionally, it administers a range of employee benefit plans, corporate pension schemes, and profit-sharing trusts as a dedicated trustee. By the close of 2021 (December 31st), its extensive operational network included 147 banking branches and 163 automated teller machines (ATMs). These facilities are strategically located across five states: New York, New Jersey, Vermont, Massachusetts, and Florida. Established in 1902, the company maintains its principal executive offices in Glenville, New York.

Key metrics

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Frequently asked questions

What is the ticker symbol for TrustCo Bank Corp NY?

TrustCo Bank Corp NY trades under the ticker TRST on NASDAQ.

Which exchange is TRST listed on?

TRST is listed on NASDAQ.

What sector does TrustCo Bank Corp NY operate in?

TrustCo Bank Corp NY is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze TRST in a portfolio?

PortView shows TRST's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.