TrustCo Bank - M&A Summary and Business Overview

Financial ServicesCompany

TrustCo Bank M&A Summary

TrustCo Bank has acquired 2 companies. It has also divested 1 asset.

TrustCo Bank’s largest acquisition to date was in 1991, when it acquired Home & City Savings Bank for $73M. TrustCo Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

TrustCo Bank Business Overview

Where is TrustCo Bank headquartered?

TrustCo Bank is headquartered in Glenville, New York.

What is TrustCo Bank’s revenue?

TrustCo Bank disclosed revenue of 199M USD for 2022 and 178M USD for 2021.

How many employees does TrustCo Bank have?

TrustCo Bank has 778 employees.

What sector is TrustCo Bank in?

TrustCo Bank is a financial services company.

When was TrustCo Bank founded?

TrustCo Bank was founded in 1902.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

TrustCo Bank

TrustCo Bank Corp. NY

5 Sarnowski Drive,
Glenville, New York 12302
United States,
(518) 377-3311
www.trustcobank.com

TrustCo Bank is a provider of financial services through its subsidiary Trustco Bank is an operates 143 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. TrustCo Bank was founded in 1902 and is based in Glenville, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $76M $76M
Sell (0.0/yr) # 1 - - - - - 1
  3

Most Recent M&A

Company Date Value Type
Landmark Financial Corp. 2007-01-01 - Divestiture
Indianapolis, Indiana
Landmark Financial Corp. 2000-07-28 3M USD Add-on Acquisition
Indianapolis, Indiana
Home & City Savings Bank 1991-09-30 73M USD Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 76M (100%) 1 (100%) -
Total 2 $76M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 76M 1 -
  Indiana 1 3M 1 -
Total 2 $76M 1 -

Top M&A Advisors

Legal Deals
Lewis, Rice & Fingersh LC
 2

Deal Values

buy # Total
< $100M 2 $76M
TOTAL $76M
Largest Home & City Savings Bank
$73M (1991-09-30)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

199   12% 2022
178   5% 2021
171   2% 2020
174   3% 2019
179   4% 2018
173   5% 2017
165   2016
(millions of USD) Show More Show Less

Employees

778

Established

1902

Public

NASDAQ: TRST

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