TrustCo Bank (TRST) in Glenville, N.Y., has picked its next chairman.
Joseph Lucarelli was elected by the $4.5 million-asset company's board to serve a one-year term starting Jan. 1, the company said in a regulatory filing Tuesday. He will succeed Anthony Marinello, who remains a director.
Lucarelli, 72, has been a TrustCo director since 1999. He owns Traditional Builders, which develops residential properties.
Marinello, 57, has been a director since 1995. He is a physician.
TrustCo elects a new chairman annually from among its independent directors, the filing said.