Whois & Analysis for trustcobank.com

Trustco Bank (abbreviation of TrustCo Bank Corp.

NY) is a commercial bank within the United States.

Trustco was founded in Schenectady, New York in 1902 and is now headquartered in Glenville, NY.

Trustco has 145 branches spread among New York, Florida, Massachusetts, New Jersey, and Vermont.

Trustco Bank is an Equal Housing Lender and an Insured member of the Federal Deposit Insurance Corporation.

The company operates under the slogan, "Your Hometown Bank.".

A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products.

Commercial bank can also refer to a bank, or a division of a large bank, which more specifically deals with deposit and loan services provided to corporations or large/middle-sized business - as opposed to individual members of the public/small business - retail banking, or merchant banks.

A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

The loan is "secured" on the borrower's property.

This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque).

These accounts let customers set aside a portion of their liquid assets while earning a monetary return.

In some jurisdictions, deposits in savings accounts do not incur reserve requirements.

AMP is a financial services company in Australia and New Zealand with superannuation and investment products, insurance, financial advice and banking products including home loans and savings accounts.