form8-k.htm
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):  March 17, 2009 (March 17, 2009)

TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)

NEW YORK
  
0-10592
  
14-1630287
State or Other Jurisdiction of Incorporation or Organization
  
Commission File No.
  
I.R.S. Employer 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:

 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

TrustCo Bank Corp NY
 
Item 8.01
Other Events.
 
On March 17, 2009, TrustCo Bank Corp NY (“TrustCo”) issued a press release regarding its plans for capital retention and dividends. In light of an operating environment stressing the need for increased capital and expected significant, industry-wide increases in deposit insurance assessments, the board anticipates that TrustCo’s dividend will be reduced from the current quarterly level of $0.11 per share to $0.0625 per share beginning with the second quarter declaration in May, 2009. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
 
Item 9.01
Financial Statements and Exhibits
 
 
(c)
Exhibits
 
 
Exhibit No.
Description
 
 
Press release dated March 17, 2009
 
 
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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.
 
Date:  March 17, 2009
 
 
TrustCo Bank Corp NY
 
(Registrant)
     
 
By:
/s/ Robert T. Cushing
  
   
Robert T. Cushing
   
Executive Vice President and
   
Chief Financial Officer
 
 
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