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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 15, 2006
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 15, 2006. 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 15, 2006.
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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 15, 2006
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 5-29
of Shareholders held on May 15, 2006.
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Exhibit 99(a)
Welcome to the
[LOGO] TRUSTCO
Bank Corp NY
2006 Annual Meeting
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[LOGO] TRUSTCO
Bank Corp NY
Shareholder Assembly Agenda
* Past Performance
* Current Performance
* Future Plans
* Questions and Answers
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2001 2002 2003 2004 2005
1.83% 1.83% 1.96% 2.00% 2.07%
Return on Average Assets
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 2.07%
Arrow 1.28%
1st Niagara 1.18%
Key 1.24%
Peer Group ($2-5 Billion) 1.06%
Return on Average Assets
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Efficiency Ratio
2001 2002 2003 2004 2005
38.96% 36.66% 38.33% 38.78% 38.29%
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 38.29%
Arrow 53.47%
1st Niagara 55.22%
Key 62.45%
Peer group ($2-5 Billion) 59.25%
Efficiency Ratio
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2001 2002 2003 2004 2005
25.31% 26.08% 26.21% 26.65% 26.07%
Return on Equity
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 26.07%
Arrow 15.94%
1st Niagara 6.76%
Key 15.42%
Peer group ($2-5 Billion) 12.23%
Return on Equity
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2001 2002 2003 2004 2005
84.58% 88.60% 83.98% 78.83% 77.46%
Dividend Payout Ratio
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 77.46%
Arrow 52.27%
1st Niagara 45.23%
Key 47.60%
Peer group ($2-5 Billion) 34.70%
Dividend Payout Ratio
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
TrustCo vs. Competitors
TrustCo 4.91%
Arrow 3.52%
1st Niagara 2.63%
Key 3.95%
Peer Group ($2-5 Billion) 1.97%
Dividend Yield
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
1986 1990 1995 2000 2005
$51.6 $82.3 $390.2 $747.9 $928.7
Market Capitalization in Millions
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[LOGO] TRUSTCO
Bank Corp NY
2006 AND BEYOND
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* 2005 One Time Events
* Shrinking Interest Margins
* Core Earnings
* Future Plans
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
Ten Year Fed Funds
Month Treasury Rate
Jul 3.98 1
Aug 4.45 1
Sep 4.27 1
Oct 4.29 1
Nov 4.3 1
Dec 4.27 1
Jan-04 4.15 1
Feb 4.08 1
Mar 3.83 1
Apr 4.35 1
May 4.72 1
Jun 4.73 1
Jul 4.5 1.25
Aug 4.28 1.5
Sep 4.13 1.75
Oct 4.1 1.75
Nov 4.19 2
Dec 4.23 2.25
Jan-05 4.22 2.25
Feb 4.17 2.5
Mar 4.5 2.75
Apr 4.34 2.75
May 4.14 3
Jun 4 3
Jul 4.18 3.25
Aug 4.26 3.5
Sep 4.2 3.75
Oct 4.46 3.75
Nov 4.54 4
Dec 4.47 4.25
Jan-06 4.42 4.25
Feb 4.57 4.5
Mar 4.72 4.75
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
2001 2002 2003 2004 2005 5/15/2006
56 62 69 75 79 83
Continuing to Expand
Number of Offices
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[LOGO] TRUSTCO
Bank Corp NY
Florida
[MAP GRAPHIC]
* Coming Soon
* Existing Branches
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[LOGO] TRUSTCO
Bank Corp NY
Orlando, Florida
[MAP GRAPHIC]
* Coming Soon
* Existing Branches
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[LOGO] TRUSTCO
Bank Corp NY
Downstate New York & Northern New Jersey
[MAP GRAPHIC]
* Coming Soon
* Existing Branches
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[LOGO] TRUSTCO
Bank Corp NY
[GRAPH]
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
TrustCo Bank 100 155.46 202.86 258.08 293.55 405.54 473.46 727.58 958.07 880.65
S&P 500 100 130.47 140.41 154.57 156.61 215.46 264.93 353.31 454.28 549.86
SNL Super Regional Bank Index 100 168.57 215.44 225.39 213.2 332.57 460.93 668.91 721.2 588.64
Total Return Performance
2000 2001 2002 2003 2004 2005
TrustCo Bank 978.62 1219.18 1096.88 1407.42 1543.47 1458.69
S&P 500 499.83 440.4 343.07 441.48 489.51 513.55
SNL Super Regional Bank Index 735.09 713.97 736.14 945.25 1047.77 1054.64
Total Return Performance
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[LOGO] TRUSTCO
Bank Corp NY
[PHOTO]
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[LOGO] TRUSTCO
Bank Corp NY
TRUSTCO [GRAPHIC] BANK'S
Winter Warmth Fund
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[LOGO] TRUSTCO
Bank Corp NY
TRUSTY
[GRAPHIC]
Your Home Town Pal
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SNL Financial L.C. Ranks TrustCo #1
Savings Bank in the Nation
[LOGO] TRUSTCO
Bank Corp NY
[GRAPHIC]
Index
Dividend
Yield
Efficiency Ratio
Return On Average Equity
Return On Average Assets
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[LOGO] TRUSTCO
Bank Corp NY
Questions and Answers
2006 Annual Meeting
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[LOGO] TRUSTCO
Bank Corp NY
Thank You for Attending
2006 Annual Meeting
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