Trustco Bank history

Gerardus Smith was President of the Bank at the close of 1912, and total assets were $4.5 million

In 1919 Schenectady Trust Company built the current structure that is now known as the Main branch office at 320 State Street

Schenectady made history in August 1922 with the world's first radio play "The Wolf" broadcast from GE Building 36 on WGY Radio

Our Mont Pleasant branch office was opened in 1924

1925 was the year that Proctor's Theatre, Erie Boulevard and the Western Gateway Bridge opened

Our third branch, the Brandywine office, was opened in 1928

H. B. Boardman was still President of the Bank at the end of 1932, and total assets were $16.7 million

In 1936 the State Armory opened on Washington Avenue

In 1938 new WGY studios opened at Rice Road and Washington Avenue

Edward T. Rice was Chairman of the Board and Laurence G. Magner was President of the Bank at the end of 1942; total assets were $34.9 million

Our Union Street branch office was opened in 1946

Ralph H. Rue was President of the Bank at the end of 1952 and total assets were $74.2 million

The New York State Thruway opened in 1954

By 1956 our Mayfair branch office in Glenville and our Sheridan Plaza branch office were opened

Ralph H. Rue was still President of the Bank at the end of 1962, and total assets were $100.2 million

In 1965 the financial computer center of Eastern New York was organized as a joint electronic data processing center by Schenectady Trust and eight other area banks

H. Gladstone McKeon was President of the Bank at the close of 1972, and total assets were $151 million

In 1973 our Main office interior was again enlarged and renovated - plus the lot at the rear of the bank (the former Redmond gas station) was purchased for parking and access to Erie Boulevard

In 1979 additional properties on Erie Boulevard were purchased that would later become the Trust Operations Building

TrustCo Bank Corp NY was formed in July 1982

Seven Bank of New York offices were acquired in January 1984

Schenectady Trust Company was renamed Trustco Bank New York in January 1989

Trustco continued to make progress in the nineties, completing the acquisition of Home & City Savings Bank and three-story expansion of the Erie Boulevard Trust Operations Building in 1991

In May 1992, Trustco Bank sponsored and hosted a Block Party on Erie Boulevard to Celebrate the 90th Anniversary of the Bank

TrustCo assets topped $2.1 billion December 31, 1995

In July 2000 Trustco acquired a Savings Bank Charter, opening up new opportunities for growth - there are currently four Trustco Savings Bank branch offices in the Capital Region and Vermont

As of December 31, 2001 total assets were $2.6 billion, Net Income was $45.5 million and Market Capitalization was $896 million

Robert A. McCormick our Chairman, President and Chief Executive Officer celebrated 25 years with the bank in January 2002, his 17th year as CEO

Trustco Bank entered the Florida market in March 2003 with the opening of the Longwood Branch in the Greater Orlando Area.

January 2004, Robert J. McCormick is named the President and CEO. His father, Robert A. McCormick, retired after 18 years at the helm.