2023-08-30T13:16:59-04:00

A Message from our CEO

The Chairman, President, and CEO of Trustco Bank Corp NY and its subsidiary, Trustco Bank, Robert J. McCormick, explained

2023-06-07T11:47:13-04:00

Social

At Trustco Bank, we actively encourage and support the growth of our employees throughout their educational and career development.

2023-06-07T11:54:25-04:00

Environmental

At Trustco Bank we understand the importance of limiting our carbon footprint while delivering the best value to our shareholders.

2023-06-07T12:48:13-04:00

Why You Should Open A Health Savings Account

Do you wish you had better control over how you spend your health-care dollars? If so, you may be interested in an alternative to traditional health insurance called a health savings account (HSA).

2023-11-13T09:20:25-05:00

Gift Tax

Estimating Gift Tax Liability If you make any gifts [...]

2023-08-30T12:26:33-04:00

Estate Tax

Any U.S. citizen who leaves an estate (plus adjusted taxable gifts) in excess of the estate and gift tax basic exclusion amount

2023-08-30T12:42:37-04:00

Charitable Giving

There are many ways to give to charity. You can make gifts during your lifetime or at your death. You can make gifts outright or use a trust.

2024-01-02T15:25:33-05:00

A Business Plan Can Be Your Guide to Growth

Whether you're a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan.

2024-01-08T16:03:19-05:00

Saving for College

Even though college costs are high, don't worry about saving 100% of the total.

2023-11-24T15:21:43-05:00

Financial Aid for College

Financial aid is money distributed primarily by the federal government and colleges in the form of loans, grants, scholarships

2024-03-15T08:41:27-04:00

Balancing Work and Family

Balancing work and family is a highly personal endeavor, and there is no magic formula. It takes planning and resolve.

2024-01-15T09:30:20-05:00

529 Savings Plans

A 529 college savings plan is a type of qualified tuition program (the other type is a prepaid tuition plan) established under Section 529 of the Internal Revenue Code.

Financial Tips

Below are a few tips from Trustco Banks Administrative Vice President of Wealth Management, Patrick LaPorta, Esq. Click on the files below to hear Patrick talk about each of these topics. If you have additional questions or would like to learn more, contact a Trustco Wealth Management representative today, or contact us at 1-800-670-3110 or 518-381-3643.

1. Estate Planning

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. Estate planning is not a topic many people want to think about or plan for. However, planning now could potentially save your estate and family members significant amounts of money. It’s critical to have the proper planning documents and know who you’ll entrust to carry out your wishes and settle your estate.

Whether you have a will or trust in place, choosing your executor or trustee is a very important decision. Even if you already have these documents, it’s still important to review them periodically to make sure they meet your goals and intentions. For over 100 years, Trustco Bank’s Financial Services has been administering trust and estates and giving our clients and their loved ones peace of mind. Come home to Trustco, your hometown bank, and give me a call at 1-800-846-1657 and let’s meet and discuss how Trustco Bank’s Financial Services can help you.

*Not FDIC insured. May lose value. No bank guarantee.

You can also listen to the audio file below to hear the above part of the speech.

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. Estate planning is not a topic many people want to think about or plan for. However, planning now could potentially save your estate and family members significant amounts of money. It's critical to have the proper planning documents and know who you'll entrust to carry out your wishes and settle your estate. Whether you have a will or trust in place, choosing your executor or trustee is a very important decision. Even if you already have these documents, it's still important to review them periodically to make sure they meet your goals and intentions. For over 100 years, Trustco Bank's Financial Services has been administering trust and estates and giving our clients and their loved ones peace of mind. Come home to Trustco, your hometown bank, and give me a call at 1-800-846-1657 and let's meet and discuss how Trustco Bank's Financial Services can help you. *Not FDIC insured. May lose value. No bank guarantee.

2. Asset Allocation

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. Investing today can be very intimidating and difficult for many. One of the most important investment decisions you can make is not which stock or mutual fund to buy, but the best investment mix for you. This is referred to as asset allocation and it’s critical in developing and maintaining an investment strategy to meet your goals.

How much you hold in stocks, bonds, and cash will have the greatest impact on your portfolio’s return. Whether you have funds in a 401K account or brokerage account, the asset allocation should be reviewed on a regular basis just like a routine check up with your doctor. At Trustco, we work closely with our clients to ensure that as their needs change, their investments reflect those changes. Come Home to Trustco your hometown bank and give me a call at 1-800-846-1657 for a free review of your investments.

*Not FDIC insured. May lose value. No bank guarantee.

You can also listen to the audio file below to hear the above part of the speech.

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. Investing today can be very intimidating and difficult for many. One of the most important investment decisions you can make is not which stock or mutual fund to buy, but the best investment mix for you. This is referred to as asset allocation and it's critical in developing and maintaining an investment strategy to meet your goals. How much you hold in stocks, bonds, and cash will have the greatest impact on your portfolio's return. Whether you have funds in a 401K account or brokerage account, the asset allocation should be reviewed on a regular basis just like a routine check up with your doctor. At Trustco, we work closely with our clients to ensure that as their needs change, their investments reflect those changes. Come Home to Trustco your hometown bank and give me a call at 1-800-846-1657 for a free review of your investments. *Not FDIC insured. May lose value. No bank guarantee.

3. Retirement Planning

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. The two most important variables when investing is the power of compounding interest and the power of time. Some may say I don’t have enough money to invest or I am starting too late. Just remember, it’s never too late to start investing and it’s never too small of an amount to invest.

We all see and hear advertisements and commercials for retirement every day. But how many of you have sat down and established a plan for you to retire? For over 100 years, Trustco has been working with individuals such as yourself, providing sound financial guidance in helping them develop and put in place a sound plan to help them achieve their goals. Come home to Trustco, your hometown bank and give me a call at 1-800-846-1657. And let’s meet and review your retirement plan. And if you don’t have one, we’ll work together to develop one for you.

*Not FDIC insured. May lose value. No bank guarantee.

You can also listen to the audio file below to hear the above part of the speech.

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. The two most important variables when investing is the power of compounding interest and the power of time. Some may say I don't have enough money to invest or I am starting too late. Just remember, it's never too late to start investing and it's never too small of an amount to invest. We all see and hear advertisements and commercials for retirement every day. But how many of you have sat down and established a plan for you to retire? For over 100 years, Trustco has been working with individuals such as yourself, providing sound financial guidance in helping them develop and put in place a sound plan to help them achieve their goals. Come home to Trustco, your hometown bank and give me a call at 1-800-846-1657. And let's meet and review your retirement plan. And if you don't have one, we'll work together to develop one for you. *Not FDIC insured. May lose value. No bank guarantee.

4. Your Retirement Years

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. The two most important variables when investing is the power of compounding interest and the power of time. Some may say I don’t have enough money to invest or I am starting too late. Just remember, it’s never too late to start investing and it’s never too small of an amount to invest.

We all see and hear advertisements and commercials for retirement every day. But how many of you have sat down and established a plan for you to retire? For over 100 years, Trustco has been working with individuals such as yourself, providing sound financial guidance in helping them develop and put in place a sound plan to help them achieve their goals. Come home to Trustco, your hometown bank and give me a call at 1-800-846-1657. And let’s meet and review your retirement plan. And if you don’t have one, we’ll work together to develop one for you.

*Not FDIC insured. May lose value. No bank guarantee.

You can also listen to the audio file below to hear the above part of the speech.

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. The two most important variables when investing is the power of compounding interest and the power of time. Some may say I don't have enough money to invest or I am starting too late. Just remember, it's never too late to start investing and it's never too small of an amount to invest. We all see and hear advertisements and commercials for retirement every day. But how many of you have sat down and established a plan for you to retire? For over 100 years, Trustco has been working with individuals such as yourself, providing sound financial guidance in helping them develop and put in place a sound plan to help them achieve their goals. Come home to Trustco, your hometown bank and give me a call at 1-800-846-1657. And let's meet and review your retirement plan. And if you don't have one, we'll work together to develop one for you. *Not FDIC insured. May lose value. No bank guarantee.

5. Bill Payment Services

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. It is not uncommon at some point to be in a position for caring for an elderly parent. When you’re caring for a parent, there are so many demands. Are they in a safe environment? Are they getting the proper care? And are they happy? On top of all this, you have to take care of their financial affairs, making sure they have enough money that their investments are proper and that their bills are being paid on time. In addition, you have the demands of your job, your own personal life, and that of your family. This is overwhelming and stressful, to say the least. At Trustco, we’ve been working with individuals like you for over 100 years, providing financial advice to individuals and their families, handling the investments and making sure the bills are paid on time. Come home to Trustco, your hometown bank, and call me, Pat LaPorta, at 1-800-846-1657 and let’s meet and discuss how Trustco Bank’s financial services can help you.

*Not FDIC insured. May lose value. No bank guarantee.

You can also listen to the audio file below to hear the above part of the speech.

Hi. This is Pat LaPorta, Administrative Vice President of Financial Services at Trustco Bank. It is not uncommon at some point to be in a position for caring for an elderly parent. When you're caring for a parent, there are so many demands. Are they in a safe environment? Are they getting the proper care? And are they happy? On top of all this, you have to take care of their financial affairs, making sure they have enough money that their investments are proper and that their bills are being paid on time. In addition, you have the demands of your job, your own personal life, and that of your family. This is overwhelming and stressful, to say the least. At Trustco, we've been working with individuals like you for over 100 years, providing financial advice to individuals and their families, handling the investments and making sure the bills are paid on time. Come home to Trustco, your hometown bank, and call me, Pat LaPorta, at 1-800-846-1657 and let's meet and discuss how Trustco Bank's financial services can help you. *Not FDIC insured. May lose value. No bank guarantee.