TrustCo Bank Corp plans to price public offering of its common shares

Sandler O'Neill, Stifel, Nicolaus are bookrunners with 15% greenshoe

By Devika Patel

Knoxville, Tenn., June 8 - TrustCo Bank Corp NY said it priced a public sale of stock. The deal will be conducted through underwriters Sandler O'Neill & Partners, LP and Stifel, Nicolaus & Co, Inc. and has a 15% greenshoe.

The company will sell about 13.6 million common shares.

Proceeds will be used for general corporate purposes, including investment in bank subsidiary Trustco Bank's capital.

The savings and loan holding company is based in Glenville, N.Y.

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