Trustco Bank Announces the Promotion of Eric W. Schreck

5 Sarnowski Drive, Glenville, New York 12302
(518) 377-3311 Fax: (518) 381-3668

Subsidiary: Trustco Bank

Contact: Robert M. Leonard
Executive Vice President and CRO
(518) 381-3693

TrustCo Promoted Eric W. Schreck to Executive Vice President

Glenville, New York, January 4, 2021

TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) announced that it has promoted Eric W. Schreck to Executive Vice President. Mr. Schreck has been employed with the Company’s subsidiary, Trustco Bank, since 1989. He has served as the Company’s treasurer since 2010.

Mr. Schreck has held a number of important positions with the bank during his tenure. In 2009, he was named Florida Regional President and currently oversees the bank’s operations in the Sunshine State. He will continue in that role.

Chairman, President, and Chief Executive Officer Robert J. McCormick said: “Eric has increasingly become an indispensable part of the Company’s management team. Last year Eric saw Florida-based loans outstanding pass $1 billion and this year, Florida-based deposits topped the $1 billion mark. We are very pleased to share the news of Eric’s promotion. Our shareholders are well served by the commitment to the Company that this step represents.”

TrustCo Bank Corp NY is a $5.7 billion savings and loan holding company. Through its subsidiary, Trustco Bank, Trustco operates 148 offices in New York, New Jersey, Vermont, Massachusetts and Florida. Trustco has a more than 100-year tradition of providing high-quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank’s Financial Services Department offers a full range of investment services, retirement planning and trust and estate administration services. Trustco Bank is rated as one of the best performing savings banks in the country. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST. For more information, visit www.trustcobank.com.

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