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* TRUSTCO Bank Corp NY 5 Sarnowski Drive , Glenville , New York , 12302 ( 518 ) 377-3311 Subsidiary : Trustco Bank Contact : Robert Leonard Executive Vice President and Chief Risk Officer ( 518 ) 381-3693 FOR IMMEDIATE RELEASE : Exhibit 99 ( a ) News Release NASDAQ TRST TrustCo Announces Record Earnings for Third Quarter 2021 ; Net Income of $ 16.8 million up 19.1 % over the prior year quarter , Expands Lending Areas in Key Markets , Adds New Director Glenville , New York - October 21 , 2021 TrustCo Bank Corp NY ( TrustCo , NASDAQ : TRST ) today announced third quarter 2021 net income of $ 16.8 million or $ 0.871 diluted earnings per share , compared to net income of $ 14.1 million or $ 0.730 diluted earnings per share for the third quarter 2020 ; and net income of $ 45.3 million or $ 2.349 diluted earnings per share for the nine months ended September 30 , 2021 , compared to net income of $ 38.6 million or $ 2.001 diluted earnings per share for the nine months ended September 30 , 2020. For all periods presented , share and per share information has been adjusted for the 1 for 5 reverse stock split which occurred on May 28 , 2021 . Overview Robert J. McCormick , Chairman , President and Chief Executive Officer noted , “ Our continued strong financial results announced today are the foundation upon which we continue to build . With an always - sharp focus on new business opportunities , we have identified increasing demand for our hallmark mortgage products and have expanded our lending areas in Northern New Jersey and on both coasts of Florida . As part of these initiatives , we deployed a new mortgage loan originator in New Jersey , opened a new full - service branch location in Palm Coast , Florida , and are launching a new channel for the delivery of our core lending products by opening a loan origination office in Naples , Florida . " In September , the Company announced the addition of Curtis N. Powell to the boards of directors of TrustCo and its subsidiary , Trustco Bank . Mr. Powell is Vice President for Human Resources and Environmental Health , Safety , and Risk Management at Rensselaer Polytechnic Institute in Troy , New York . Mr. Powell adds depth to our board talent pool in the areas of human capital and risk management . Chairman McCormick said " Our success - oriented approach extends from our business lines to our boardroom . Curtis Powell shares our commitment to excellence , and we have every confidence that he will be a tremendous asset as the Company navigates the highly dynamic labor market that we now see across our entire business footprint . " Mr. McCormick also congratulated the employees of Trustco Bank on receiving well - deserved recognition . He said “ Our management team knows that our people are the best in the business , but recently Trustco Bank has been rated ' Best Of in several categories by local media outlets . Our team members can be justifiably proud of this recognition . " Trustco Bank also celebrated 65 years of success at its Mayfair Branch in Glenville , New York and , for the 15th straight year , turned out a formidable team for the Workforce Team Challenge with 75 entrants in the annual 3.5 mile race , held this year in Altamont , New York . Page | 1