TrustCo Bank rises after announcing stock repurchase plan

TrustCo Bank NY

19/03/2025 16:05

** TrustCo Bank Corp NY's shares TRST.O gain 2% to $30.98

** Community bank late Tuesday announced stock repurchase program of up to one million shares, or about 5% of its outstanding shares

** Bank may repurchase shares in open market or private transactions in the next 12 months

** TRST has 19 million outstanding shares for $578 million market cap - data compiled by LSEG

** Stock down 7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))