This article is a brief refresher on the basics of New York’s one-action rule. Following an event of default, typical commercial real estate loan documents give the lender the right to.
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.
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Schenectady Police seek public’s help in Monday bank robbery investigation | The Daily Gazette
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The robbery call came in to the Trustco Bank branch at Union Street and Woodland Avenue about 12:30 p.m., police said.
The suspect walked into the bank and displayed a note indicating that he had a gun. He then fled with about $4,000 in cash, police said.
Police described the suspect as a man, about 5 feet, 8 inches tall, wearing a dark colored hooded sweatshirt.
Police asked that anyone who was in the areas of Lakewood Avenue and Eastern Parkway or Woodland Avenue and Eastern Parkway between 12:30 and 12:45 p.m. who may have witnessed the suspect fleeing the scene to contact police at 518-788-6566.
Noontime bank robbery investigated in Schenectady; Police ask public’s help | The Daily Gazette
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GAZETTE COVERAGE
The robbery call came in to the Trustco Bank branch at Union Street and Woodland Avenue about 12:30 p.m., police said.
The suspect walked into the bank and displayed a note indicating that he had a gun. He then fled with about $4,000 in cash, police said.
Police described the suspect as a man, about 5 feet, 8 inches tall, wearing a dark colored hooded sweatshirt.
Police asked that anyone who was in the areas of Lakewood Avenue and Eastern Parkway or Woodland Avenue and Eastern Parkway between 12:30 and 12:45 p.m. who may have witnessed the suspect fleeing the scene to contact police at 518-788-6566.