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 20, 2003
(May 21,2003)
TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-10592 14-1630287
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(Commission File Number) (IRS Employer Identification No.)
5 Sarnowski Drive, Glenville, New York 12302
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (518) 377-3311
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TrustCo Bank Corp NY
Item 5. Other Events
Letter to Shareholders dated May 20, 2003 and Press Release dated May 20,
2003, discussing results of the Annual Meeting held May 19, 2003 and
declaring a cash dividend of $0.15 per share, payable July 1, 2003.
Attached is a copy of the Press Release labeled as Exhibit 99(a), and
Letter to Shareholders, labeled as Exhibit 99(b).
Item 7 (c)Exhibits
Reg S-K Exhibit No. Description
99(a) Press Release of May 20, 2003, discussing results of the
Annual Meeting held on May 19, 2003 and declaring a cash
dividend of $0.15 per share, payable July 1, 2003.
99(b) Letter to Shareholders dated May 20, 2003, discussing
results of the Annual Meeting held on May 19, 2003.
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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 21, 2003
TrustCo Bank Corp NY
(Registrant)
By:/s/ Robert T. Cushing
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Robert T. Cushing
President and Chief
Executive Officer
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Exhibits Index
The following exhibits are filed herewith:
Reg S-K Exhibit No. Description Page
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99(a) Press Release dated May 20, 2003 5
discussing results of the Annual Meeting
held on May 19, 2003 and declaring a
cash dividend of $0.15 per share, payable
July 1, 2003.
99(b) Letter to Shareholders dated May 20, 2003 6
discussing results of the Annual Meeting
held on May 19, 2003.
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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
Vice President
518-381-3693
FOR IMMEDIATE RELEASE:
TRUSTCO BANK CORP NY ANNOUNCES RESULTS OF ANNUAL MEETING
AND DECLARES CASH DIVIDEND
Glenville, New York, May 20, 2003 - On Monday, May 19, 2003, shareholders
of TrustCo Bank Corp NY elected three members to the Board of Directors at
the Company's Annual Meeting. Directors Barton A. Andreoli, James H.
Murphy, D.D.S., and William J. Purdy were elected to three-year terms, each
by an overwhelming majority of the shareholders.
KPMG LLP's appointment as independent auditors for the Company in 2003 was
overwhelmingly ratified.
Today, May 20, the Board of Directors of the Company declared a quarterly
dividend of $0.15 per share, payable July 1, 2003, to shareholders of
record at the close of business on June 6, 2003.
TrustCo Bank Corp NY is a $2.7 billion bank holding company, and through
its subsidiary, Trustco Bank, operates 63 bank offices in Albany, Columbia,
Dutchess, Greene, Montgomery, Rensselaer, Rockland, Saratoga, Schenectady,
Schoharie, Warren, Washington, and Westchester counties in New York,
Bennington County in Vermont, and Seminole County in Florida. In addition,
the bank operates a full service Trust Department with $861 million of
assets under management. The common shares of TrustCo are traded on the
Nasdaq National Market tier of the Nasdaq Stock Market under the symbol
TRST.
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Exhibit 99(b)
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
May 20, 2003
To Our Shareholders:
We would like to report to you the results of our Annual Meeting held May
19, 2003. The TrustCo shareholders were asked to vote on two proposals this
year. Both proposals were approved by overwhelming majority of the shares
outstanding.
The first proposal dealt with the election of three directors. All three
were elected and include:
Barton A. Andreoli, President, Towne Construction & Paving Corp.
James H. Murphy, D.D.S., Orthodontist
William J. Purdy, President, Welbourne & Purdy Realty, Inc.
The second proposal was the ratification of the appointment of KPMG LLP as
the independent auditors for TrustCo for 2003.
We thank all the shareholders who returned their proxies. Your support and
confidence are greatly appreciated.
We would also like to report that today the Board of Directors declared a
regular quarterly dividend of $0.15 per share. The dividend is payable July
1, 2003 to shareholders of record at the close of business on June 6, 2003.
Thank you for the confidence you have placed in TrustCo.
Sincerely, Sincerely,
Robert J. McCormick Robert T. Cushing
President & Chief Executive Officer President & Chief Executive
Trustco Bank Officer
TrustCo Bank Corp NY
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