TrustCo Bank Reports Second Quarter Income and Lending Growth

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Photo by Larry Rollison

Trustco headquarters Wednesday, May 25, 2016, in Glenville, NY.

Trustco headquarters Wednesday, May 25, 2016, in Glenville, NY.

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 earlier.

TrustCo said the average loan size in the second quarter grew by $ 158.6 million, up 3.8 percent from the second quarter of 2020. The average volume of housing loans, which is the main focus of the bank, increased by $ 193.9 million, or 5.3 percent.



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