Trustco Bank Mortgage RatesCounterparty interest Trustco Bank Mortgage rates
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The TrustCo Bank was established in 1902 in Schenectady, NY, as Schenectady Trust Co. when it bought the Schenectady Bank property. Initially, the firm acted as a cooperative loan association for the General Electric people. The Schenectady Trust Co. has grown, also through crisis such as the Great Depression, until it was re-named TrustCo Bank in 1989, whereupon its fortune lay in the hundred million.
Over the years, the firm has made a number of strategic alliances, among them Home & City savings bank and Landmark community bank. Today, TrustCo Bank provides a broad range of retail finance services. This includes saving and current bank deposits, certificate of deposits (CDs) and cash deposits. In addition, the Bank is also a mortgage creditor for portfolios.
Household credit providers can be a great help to the consumer as they do not have to adhere to the same credit rules as mortgage credit providers who provide traditional home loan products. TrustCo can establish a mortgage in some cases that a traditional borrower (sold to Fannie or Freddie) could not.
Starting from its modest origins as a cooperative bank at the service of a small group, TrustCo Bank has developed into a listed group. TrusCo is still strongly engaged in the New York hinterland communities, supporting the Tri-City Valleycats. Tri-City in this case means Albany, Schenectady and Troy, NY.
The Bank's banking profiles do not constitute an approval or advertising of the Bank's goods andervices.