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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): May 14, 2007
TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)
NEW YORK 0-10592 14-1630287
State or Other Jurisdiction of Commission File No. I.R.S. Employer
Incorporation or Organization Identification
Number
5 SARNOWSKI DRIVE, GLENVILLE, NEW YORK 12302
(Address of principal executive offices)
(518) 377-3311
(Registrant's Telephone Number,
Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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TrustCo Bank Corp NY
Item 8.01. Other Events
The following materials were presented at the Annual
Meeting of Shareholders held May 14, 2007. Attached is a
copy of the presentation labeled as Exhibit 99(a).
Item 9.01 Financial Statement and Exhibits
(c) Exhibits
Reg S-K Exhibit No. Description
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99(a) Presentation given at the Annual Meeting
of Shareholders held on May 14, 2007.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: May 14, 2007
TrustCo Bank Corp NY
(Registrant)
By: /s/ Robert T. Cushing
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Robert T. Cushing
Executive Vice President and
Chief Financial Officer
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Exhibits Index
The following exhibits are filed herewith:
Reg S-K Exhibit No. Description Pages
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99(a) Presentation given at the Annual Meeting 5-33
of Shareholders held on May 14, 2007.
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Exhibit 99(a)
Welcome to the
[LOGO] TRUSTCO
Bank Corp NY
2007 Annual Meeting
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[LOGO] TRUSTCO
Bank Corp NY
Shareholder Assembly Agenda
o Past Performance
o Future Plans
o Some Things To Be Proud Of
o Questions and Answers
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[LOGO] TRUSTCO
Bank Corp NY
Past Performance
o Stock Price
o Dividends/Splits
o Executive Compensation
o Sub Prime Loans
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
1991 1992 1993 1994 1995 1996 1997 1998 1999
TrustCo Bank 100.00 130.49 183.38 188.83 260.86 304.55 468.02 616.28 566.48
Russell 2000 100.00 118.41 140.76 138.20 177.52 206.80 253.06 246.61 299.04
SNL Super Regional Bank Index 100.00 127.80 133.71 126.48 197.29 273.44 396.81 427.83 349.20
2000 2001 2002 2003 2004 2005 2006
TrustCo Bank 629.50 784.24 705.57 905.33 992.84 938.31 888.54
Russell 2000 290.00 297.21 236.34 348.00 411.78 430.53 509.61
SNL Super Regional Bank Index 436.07 423.55 436.70 560.75 621.56 625.64 720.46
Total Return Performance
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[LOGO] TRUSTCO
Bank Corp NY
Dividend Strategy
o Long Term Approach
o Not Quarter-By-Quarter
o Excess Capital Should Be Returned To Shareholders
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2002 2003 2004 2005 2006
Trustco Bank 88.60% 83.98% 78.83% 77.46% 105.70%
Dividend Payout Ratio
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 5.76%
Arrow 3.88%
1st Niagara 3.23%
Key 3.63%
Berkshire 1.67%
Industry Average 2.05%
Dividend Yield
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Year ROE Stock Price Salary
2003 26.21 13.15 $945,000
2004 26.65 13.79 $1,033,750
2005 26.07 12.42 $1,134,000
2006 18.71 11.19 $758,500
Executive Compensation
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[LOGO] TRUSTCO
Bank Corp NY
Sub-Prime Loans
o Trustco Investment = $ 0.00
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[LOGO] TRUSTCO
Bank Corp NY
Future Plans
o New Branches
o Growth
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[LOGO] TRUSTCO
Bank Corp NY
Branches Pending
Florida Downstate Upstate
16 4 1
Branches Opened
Elmsford, Pomona, Bennington, Poughkeepsie, Fishkill, Scotia,
Ballston Spa, Longwood, Lake Mary, Colonial, Saratoga, Dean Road,
Briarcliff Manor, Bedford Hills, Slingerlands, Valatie, Wappingers Falls,
Osprey, Sarasota, East Colonial, Villaggio, Oviedo, Ramsey, Tuskawilla,
Highland, Maitland, South Clermont, Curry Ford, Rinehart, Northern Pines,
Mamaroneck, New City, Apollo Beach, Leesburg, Airmont, Pittsfield, Clermont,
Chatham, Monroe, Orange City, Bronxville, Goldenrod, Lee, Great Barrington,
Allendale Shopping Center, Lee Road
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2001 2002 2003 2004 2005 2006 5/14/2007
56 62 69 75 79 92 98
Continuing to Expand
Number of Offices
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Deposit Growth - New Branches
(Four Year Trend)
$ millions
Mar-07
407.4
Dec-06 Sep-06 Jun-06 Mar-06
341.2 239.6 213.9 199.6
Dec-05 Sep-05 Jun-05 Mar-05
188.3 165.4 152.6 142.3
Dec-04 Sep-04 Jun-04 Mar-04
117.6 112.9 108.0 100.7
Dec-03 Sep-03 Jun-03 Mar-03
82.7 71.7 52.4 43.7
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPHIC]
STRATEGY PAYOFF
(Growth In The Most Recent 15 Months)
Deposit $
Existing 25%
New Branches 75%
Customer Accounts
Existing 7%
New Branches 93%
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
DEPOSIT GROWTH
Dollars
(millions)
2004 2005 2006 March 2007
$2,527 $2,562 $2,799 $2,882
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
LOAN GROWTH
Dollars
(millions)
2004 2005 2006 March 2007
$1,240 $1,471 $1,763 $1,800
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 1.52%
Arrow 1.11%
1st Niagara 1.14%
Key 1.30%
Berkshire 0.53%
Industry Average 1.28%
Return on Average Assets
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
($ Millions)
2002 2003 2004 2005 2006
$5,525 $5,693 $5,604 $5,689 $5,706
ASSETS MANAGED PER EMPLOYEE
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Efficiency Ratio
2002 2003 2004 2005 2006
Trustco 36.66% 38.33% 38.78% 38.29% 42.03%
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 42.03%
Arrow 59.70%
1st Niagara 59.20%
Key 62.40%
Berkshire 58.50%
Industry Average 56.79%
Efficiency Ratio
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Trustco Interest Margin
2005 2006 March 2007
3.90% 3.50% 3.16%
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 18.70%
Arrow 14.40%
1st Niagara 6.70%
Key 15.40%
Berkshire 4.41%
Industry Average 12.34%
Return on Equity
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[LOGO] TRUSTCO
Bank Corp NY
SOME THINGS TO
BE PROUD OF:
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[LOGO] TRUSTCO
Bank Corp NY
Community Hospice Walk
[PHOTOS]
Once again this year, Trustco will be sponsoring the 6th
Annual Hospice Walk on June 9th.
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[LOGO] TRUSTCO
Bank Corp NY
[PHOTOS]
Habitat for Humanity and Trustco Bank
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[LOGO] TRUSTCO
Bank Corp NY
1902-2007
105
YEARS
OVER A CENTURY OF TRUST
105 Branches in 105 Years
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[LOGO] TRUSTCO
Bank Corp NY
Leading The Competition
o Products
o Service
o Branch Hours (Beginning May 14th)
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[LOGO] TRUSTCO
Bank Corp NY
Questions and Answers
2007 Annual Meeting
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[LOGO] TRUSTCO
Bank Corp NY
Thank You for Attending
2007 Annual Meeting
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