trending Market Intelligence /marketintelligence/en/news-insights/trending/QBoNq9JiZTo0ZmftrUs3EQ2 content esgSubNav
In This List

TrustCo Bank Corp NY updates director retirement guidelines

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


TrustCo Bank Corp NY updates director retirement guidelines

TrustCo Bank Corp NY amended the company's corporate governance guidelines on directors' mandatory retirement age.

The updated guidelines, for both the Glenville, N.Y.-based company and subsidiary TrustCo Bank, require those who took board seats during or after calendar year 2017 to retire no later than Dec. 31 of the year they turn 72.

The mandatory retirement may be waived under certain conditions, but for intervals of no more than two years. Directors may not serve past Dec. 31 of the year they turn 76.