TrustCo Bank Corp. NY and Robert T. Cushing, TrustCo's Executive Vice President and Chief Operating Officer, have decided that the effective date of Mr. Cushing's previously announced retirement from the company and its subsidiaries will be changed from May 31, 2015 to December 31, 2015. Mr. Cushing will continue to hold his current positions as Executive Vice President and Chief Operating Officer of TrustCo and its subsidiaries until the effective date of his retirement.

In addition, TrustCo and Mr. Cushing have mutually agreed to terminate the consulting agreement, dated December 16, 2014, that was entered into at the time of the announcement of Mr. cushing's retirement.