TrustCo Bancorp is a community bank holding company headquartered in Glenville, New York, operating through its subsidiary Trustco Bank. The bank's core business is gathering deposits from individuals and small businesses through its branch network and lending those funds back into local communities, primarily as residential mortgages and home equity products. TrustCo operates 134 banking offices across upstate and downstate New York (with the Capital District as its primary market), central Florida, Vermont, Massachusetts, and New Jersey. TrustCo is a portfolio lender, meaning it originates and holds loans in-house rather than selling them into the secondary market — a deliberate model that the bank argues allows for more flexible pricing and faster closings. Commercial real estate lending is a secondary and growing business, representing roughly 10% of the total loan portfolio. TrustCo earns money the traditional community bank way: net interest income from the spread between loan and investment yields and deposit costs. TrustCo's wealth management division, Trustco Financial Services, manages approximately $1.27B in assets and generates fee income that accounts for roughly 44% of non-interest income. TrustCo returns capital to shareholders through dividends — paid continuously for over a century — and share repurchases, having authorized a buyback of approximately 11% of shares outstanding for 2026.