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): January 10, 2006
(January 10, 2006)
TrustCo Bank Corp NY
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-10592 14-1630287
(Commission File Number) (IRS Employer Identification No.)
5 Sarnowski Drive, Glenville, New York 12302
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (518) 377-3311
TrustCo Bank Corp NY
Item 8.01. Other Events
A press release was issued on January 10, 2006 announcing
the tender offer has expired for obtaining control of
Ballston Spa Bancorp, Inc. Attached is the press release
labeled as exhibit 99(a).
Item 9.01. Financial Statements & Exhibits
(c) Exhibits
Reg S-K Exhibit No. Description
99(a) A press release that was issued on
January 10, 2006 announcing the
tender offer has expired for
obtaining control of Ballston
Spa Bancorp, Inc.
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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: January 10, 2006
TrustCo Bank Corp NY
(Registrant)
By:/s/ Robert T. Cushing
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 Page
99(a) A press release that was issued on 5-6
January 10, 2006 announcing the
tender offer has expired for
obtaining control of Ballston
Spa Bancorp, Inc.
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Exhibit 99(a)
TRUSTCO
Bank Corp NY
5 Sarnowski Drive, Glenville, New York, 12302
(518) 377-3311 Fax: (518) 381-3668
Subsidiary: Trustco Bank NASDAQ -- TRST
Contact: Robert M. Leonard
Administrative Vice President
(518) 381-3693
FOR IMMEDIATE RELEASE:
TRUSTCO BANK CORP NY TENDER OFFER EXPIRES
Glenville, New York - January 10, 2006 - TrustCo Bank Corp NY (NASDAQ
National Market: "TRST") announced today that it has not received the 51%
minimum number of shares necessary to obtain control of Ballston Spa Bancorp,
Inc. and therefore its tender offer has expired. Shares tendered will be
returned.
We would like to thank those who tendered their shares and gave us their
enthusiastic support. It is unfortunate that not enough other shareholders
chose to take advantage of this tremendous offer.
TrustCo, along with our fellow shareholders are anxious to see Ballston Spa's
management execute their strategy to enhance shareholder value beyond our
offer of $45.50 per share.
TrustCo Bank Corp NY is a $2.8 billion holding company and through its
subsidiary, Trustco Bank, operates 79 offices in New York, New Jersey,
Vermont, and Florida. In addition, the Bank operates a full service Trust
Department. The common shares of TrustCo are traded on the Nasdaq National
Market tier of the Nasdaq Stock Market under the symbol TRST.
Except for the historical information contained herein, the matters discussed
in this news release and other information contained in TrustCo's Securities
and Exchange Commission filings may express "forward-looking statements."
Those "forward-looking statements" may involve risk and uncertainties,
including statements concerning future events or performance and assumptions
and other statements that are other than statements of historical facts.
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TrustCo wishes to caution readers not to place undue reliance on any
forward-looking statements, which speak only as of the date made. Readers are
advised that various risk factors, including, but not limited to: (1) credit
risk, (2) interest rate risk, (3) competition, (4) changes in the regulatory
environment, and (5) changes in general business and economic trends, could
cause the actual results or circumstances for future periods to differ
materially from those anticipated or projected in the forward-looking
statements.
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