Robert Mccormick

President, Chief Executive Officer & Chairman of the Board, Trustco Bank Ny

Search every verified Robert Mccormick interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Robert J. McCormick, President, Chief Executive Officer, and Chairman of Trustco Bank NY, discussed the bank's second-quarter fiscal year 2026 results during a July 22, 2026 earnings call. He reported that non-interest expense, net of ORE expense, totaled $28.2 million, an increase of $1.3 million from the prior quarter, which he attributed primarily to higher employee benefit costs and professional fees, and he stated that these categories were expected to return to normalized levels the following quarter. McCormick also noted the bank recorded a gain of $844,000 from marking its Visa Class C common stock to fair value, and he outlined strategies to extend CD maturities, be "reasonably aggressive" in the mortgage portfolio, and incentivize growth in home equity credit lines. In a 2022 interview on Nasdaq's #TradeTalks, McCormick described TrustCo's community commitment, characterizing the bank as "the hometown bank" with numerous brick-and-mortar locations, employee volunteer time, and annual contributions to organizations supporting affordable housing and food assistance. He explained the bank's expansion into Orlando roughly 18 to 19 years ago as a response to branch competition within an hour of Albany, with Orlando chosen for its service-based economy, college network, and hospital network. McCormick also discussed the bank's portfolio lending model, noting that TrustCo does not sell its loans, and he credited the company's Nasdaq affiliation with contributing to its solid footing as it celebrated its 120th anniversary.