TrustCo Bank reports higher earnings, loans during Q2 – About Your Online Magazine


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Trustco headquarters on Wednesday, May 25, 2016, in Glenville, N.Y.

Trustco headquarters on Wednesday, May 25, 2016, in Glenville, N.Y.

Cindy Schultz / Times Union

GLENVILLE — TrustCo Bank Corp NY, the parent company of Trustco Bank, reported second quarter net income of $14.4 million, up from $11.3 million a year ago.

TrustCo said average loans during the second quarter were up $158.6 million, an increase of 3.8 percent over the second quarter of 2020. Average residential loans, the bank’s main focus, were up $193.9 million, or 5.3 percent as well.

Paula Fonseca