GLENVILLE, N.Y., Oct. 17, 2023 (GLOBE NEWSWIRE) — On October 17, 2023, TrustCo Bank Corp NY (Nasdaq: TRST) announced that Steffani Cotugno, D.O. was elected to the Boards of Directors of the Company and its subsidiary, Trustco Bank.
Dr. Cotugno is a primary care physician with Community Care Physicians in Clifton Park, New York. Dr. Cotugno is board certified in family medicine and is the school physician for the Shenendehowa Central School District, the Niskayuna School District, and the North Colonie School District in upstate New York. Dr. Cotugno has served as a teaching preceptor at Albany Medical College and has received awards in connection with that work.
Dr. Cotugno was found by the board to qualify as an independent director and 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 Dr. Cotugno join our board. Dr. Cotugno’s long service as a family physician, school physician, and teaching preceptor gives her unique insight into the needs and views of the members of the communities that Trustco Bank serves in the Northeast. Dr. Cotugno also brings business experience gained from her role in her medical practice, as well as deep family ties to the community that will bring meaningful value to our shareholders and elevate our board discourse.”
TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 144 offices in New York, New Jersey, Vermont, Massachusetts, and Florida at June 30, 2023.
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.
