TrustCo Announces the Addition of Curtis N. Powell to the Board of Directors
September 23 2021 - 12:15PM
TrustCo Bank Corp NY (the “Company”) (
Nasdaq:
TRST) announces that on September 21, 2021 Curtis N.
Powell was elected to the Board of Directors of the Company and its
subsidiary, Trustco Bank.
Mr. Powell is Vice President for Human Resources
and Environmental Health, Safety, and Risk Management at Rensselaer
Polytechnic Institute (“Rensselaer”) in Troy, New York. He has held
that position for over twenty years. In that role, he consults
regularly with Rensselaer’s president regarding strategic human
capital, operational, and risk management planning. He is a member
of the Rensselaer president’s cabinet and has oversight and
planning responsibility for, among other things, recruitment and
selection processes, employee compensation program development,
executive compensation, finance, and budgeting. He holds a Master
of Arts degree in Human Resources Development from the University
of Maryland and numerous professional certifications. He is also a
member of the board of directors of St. Peter’s Health Partners in
Albany, New York.
Mr. Powell was appointed to the Audit,
Compensation, Compliance, Fiduciary, Nominating and Corporate
Governance, and Risk Committees of the board of directors of the
company.
Making the announcement were Chairman,
President, and Chief Executive Officer Robert J. McCormick and Lead
Independent Director Dennis DeGennaro. Mr. McCormick said “We are
very pleased to have Mr. Powell join our board. He brings expertise
in the critically important areas of human capital and risk
management.”
TrustCo Bank Corp NY is a $6.1 billion savings
and loan holding company and through its subsidiary, Trustco Bank,
operated 147 offices in New York, New Jersey, Vermont,
Massachusetts, and Florida at June 30, 2021.
In addition, the Bank’s Financial Services
Department offers a full range of investment services, retirement
planning and trust and estate administration services. The common
shares of TrustCo are traded on the NASDAQ Global Select Market
under the symbol TRST.
Safe Harbor Statement
All statements in this news release that are not
historical are forward-looking statements within the meaning of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements can be identified by words such as "anticipate,"
"intend," "plan," "goal," "seek," "believe," "project," "estimate,"
"expect," "strategy," "future," "likely," "may," "should," "will"
and similar references to future periods. Such forward-looking
statements are subject to factors that could cause actual results
to differ materially for TrustCo from those discussed. TrustCo
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
There are a number of risks, uncertainties and assumptions that
could cause actual results to differ materially from the
forward-looking statements made herein, including the risks and
uncertainties described in TrustCo’s filings with the Securities
and Exchange Commission. These forward-looking statements represent
TrustCo’s judgment as of the date of this release. TrustCo
disclaims, however, any intent or obligation to update these
forward-looking statements.
Subsidiary: Trustco Bank
Contact: |
Robert M.
Leonard |
|
Executive Vice President and CRO |
|
(518) 381-3693 |
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