TrustCo shareholders approve reverse stock split
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Trustco headquarters on Wednesday, May 25, 2016, in Glenville, N.Y. The bank is going to turn five of each of its shares into one, raising the stock price to make it more attractive to investors.Cindy Schultz / Times Union
GLENVILLE Shareholders of TrustCo Bank Corp NY, the parent company of Trustco Bank, recently approved a five-to-one reverse stock split that will increase the stock s price-per-share significantly.
Under the plan, each five shares of stock owned will turn into one, meaning the current price of roughly $7.50 will increase to about $37.75. Management believes the higher price will make the stock more attractive to investors. TrustCo shares trade on the Nasdaq under the symbol TRST, and the reverse split will take place Friday.
Grondahl: Cuomo s mother, sister remain by his side amid accusations I don t like what he s going through, Matilda Cuomo says
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Gov. Andrew Cuomo joins his father, former Gov. Mario Cuomo, and mother, former First Lady Matilda Cuomo, as the elder Cuomo s portrait is revealed in the Hall of Governors on Saturday, June 15, 2013, at the Capitol in Albany, N.Y. (Cindy Schultz / Times Union)Cindy Schultz
ALBANY Gov. Andrew M. Cuomo’s mother and sister broke their public silence and voiced strong support for their politically wounded family member as he faces mounting calls for his resignation amid sexual harassment allegations and a federal investigation into his administration’s handling of COVID-19 in nursing homes.
Green Island moves most students to remote learning amid coronavirus cases
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1of3Buy PhotoHeatly School on Tuesday, June 17, 2014, in Green Island, N.Y. The Green Island School District will lose state aide in 2017-2018. (Cindy Schultz / Times Union)Cindy SchultzShow MoreShow Less
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GREEN ISLAND – The Heatly School’s 4-12 grade students have moved to fully remote learning until at least Jan. 18 as a result of mandatory quarantine for people exposed to coronavirus in the Green Island Union Free School District.
“We have been in contact with the Albany County Department of Health and identified the individual’s close contacts in the school community,” Superintendent Kimberly Ross said in a letter to the district.