-
Performance shares have become a larger part of bank pay packages in the wake of the financial crisis. Behind the trend are shareholders — and regulators — demanding greater accountability.
April 30 -
TrustCo Bank Corp NY of Glenville, N.Y., has completed a stock offering, raising about $68.1 million in fresh capital.
July 7
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.
