TrustCo Bank Corp NY authorizes repurchase of up to 1,000,000 shares (5% of outstanding)

TRUSTCO BANK CORP N Y

Board approved repurchase of up to 1M shares (~5% of common stock outstanding).
CEO says buyback represents opportunity for value enhancement given stock undervaluation.
Shares may be repurchased via open market, private transactions, or 10b5-1 plans over ~12 months.
Program may be suspended, modified, or terminated at any time; no obligation to buy any shares.

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