Management Change/Compensation (Form 8-K)

(d) On September 21, 2021, the Board of Directors of TrustCo Bank Corp NY (the "Company") elected Curtis N. Powell as a member of the board of directors of the Company and the board of directors of the Company's wholly-owned subsidiary, Trustco Bank, effective immediately. The Company anticipates that Mr. Powell will participate in the Company's cash and equity compensation programs for its non-employee directors, but has not made any awards under such programs to him in connection with his election.

Mr. Powell has been appointed to serve on the Audit, Board Compliance, Compensation, Fiduciary, Nominating and Corporate Governance, and Risk Committees of the board of directors of the Company. Mr. Powell was found by the board to qualify as an independent director under applicable rules. There are no family relationships between Mr. Powell and other officers or directors of the Company. There is no arrangement or understanding between Mr. Powell and any other persons pursuant to which he was selected to serve as a director of the Company.

On September 23, 2021, the Company issued a press release regarding the election of Mr. Powell, a copy of which is furnished as Exhibit 99(a) to this Form 8-K.