TrustCo Plans Sale of 13.6M Shares

TrustCo Bank Corp. in Glenville, N.Y., plans to sell 13.6 million shares of stock in a public offering.

The $4 billion-asset company said it is targeting existing shareholders. TrustCo could sell an additional 2 million shares if there is excessive demand. TrustCo said in a regulatory filing Wednesday that proceeds could boost capital at its Trustco Bank.

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