Annual Meeting

The 2026 Annual Meeting of Shareholders will be held at the following date, time, and location for shareholders as of the record date:

President’s Message

Dear Fellow Shareholders:

At this moment, perhaps more than at any time in recent memory, TrustCo Bank Corp NY is an engine for the creation of long-term shareholder value.  Net income is up 25% over last year and our total shareholder return was 29% for the year – beating our proxy peer group and a regional bank index by more than three times.  We believe that the completion of a million-share buyback and the authorization of the repurchase of another two million shares set the wheels in motion for the creation of even more value going forward.  The trend also is positive on share price, which at the end of 2025 was up 24% compared to the end of 2024.

The efforts of bank management over time have created a safe and sound institution that provides value to customers who express their confidence in the bank by depositing their hard-earned money knowing that it will be there when they need it – plus a fair return.  We are independent and strong.  And we will not compromise our values or fold to pressure to adopt short-sighted business models that will have the effect of draining the value out of Trustco Bank.  Rather, we will continue to run a top-notch bank that provides value to its customers through safety and soundness and to its owners through efficient operation that generates meaningful returns over the long run.

TrustCo Bank Corp NY is a true value investment in that it has paid a dividend every quarter since at least 1904.  An investment in our company 25 years ago, with dividends reinvested, would have grown 139%.  This exceptional rate of return also would be realized by a newer investor – an investment made five years ago would have seen a return of 54%, with dividends reinvested.  We have grown loans to an all-time high over $5 billion and our Wealth Management Department has surpassed $1 billion in assets under management.  We have expanded our area of operation from one community on the Mohawk River to five states – and recently purchased a new regional headquarters building in our historic base of southern operations, Longwood, Florida.

Of course, credit quality also is a hallmark of our operation.  We continue to see net recoveries rather than losses on our loan portfolio and maintain in place policies and procedures that require solid underwriting and diligent collection of loan balances.  We avoid financing gimmicks and other ploys to create the appearance of balance-sheet improvement.

In short, we are proud of the company that we have built with the support of our owners.  In fact, we firmly believe that the best investment of any available capital on our books is further investment in TrustCo.  We are committed to completing our authorized two-million share buyback – for which funds already have been earmarked – and may continue buying shares after that as circumstances warrant.

We remain grateful not only for the support of our owners, but for that of our customers and the communities that we serve.  Our employees donate thousands of hours of time to worthy causes of all sorts including food insecurity, housing, veterans’ groups, financial education, and the environment, to name a few.

While the success of the past does not necessarily predict similar future outcomes, good preparation and hard work are great foundations for future and ongoing endeavors.  Our team works hard every day to prepare for whatever may be the next challenge or opportunity.  Through these efforts, we stand ready to continue delivering exceptional value well into the future.

Very truly yours,

Robert J. McCormick

Chairman, President, and Chief Executive Officer

TrustCo Bank Corp NY

Meeting Materials

Directions

From the North:
Take Exit 4 on I-87 S toward NY-155 W
Turn left onto NY-155 W (0.3 mi)
Use the middle lane to turn left onto Albany Shaker Rd (0.1 mi)
Use the right 2 lanes to turn right onto Wolf Rd (0.6 mi)
Turn left onto Metro Park Rd (479 ft)
Turn Left into destination

From the South:
Take exit 4 from I-87 N
Turn right onto Wolf Rd (0.5 mi)
Turn left onto Metro Park Rd (479 ft)
Turn Left into destination

From the East and West:
Take exit 24 for I-87 N on I-90
Take exit 1N to merge onto I-87 N toward Albany Int’l Airport/Montreal (3.4 mi)
Take exit 4 from I-87 N
Turn right onto Wolf Rd (0.5 mi)
Turn left onto Metro Park Rd (479 ft)
Turn Left into destination

How to vote my shares

1. Go to www.proxyvote.com

2. Enter your control number, found on your proxy card in the space pictured below

3. Make your selection for each proposal. The Board recommends you vote FOR all proposals.

4. Click “Submit”

How to go paperless for future meeting materials

1. Go to www.proxyvote.com

2. Enter your control number, found on your proxy card in the space pictured below:

3. Choose your delivery settings and submit: