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Article: TrustCo bids $34M in takeover; Ballston Spa National Bank urges shareholders not to sell too quickly as it reviews latest offer.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- December 6, 2005
CopyrightCOPYRIGHT 2005 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: KEVIN HARLIN Business writer {FACTBOX} Mixed success TrustCo Bank Corp NY has a history of attempted bank takeovers, with mixed results. Here are some of the attempts and outcomes: - Bank // Outcome - Ballston Spa National Bank // Hostile bid 2005 Troy Savings Bank // Rejected in 2001, 2002 Landmark Community Bank, Canajoharie // Acquired in 2000 Cohoes Savings Bank // Outbid in 2000 Hudson River Bank & Trust Co. // Withdrawn in 2000 Home & City Savings Bank, Albany // Acquired in 1991 Source: Times Union research
GLENVILLE - The parent of Trustco Bank on Monday launched a $34 million hostile takeover bid for Ballston Spa National Bank.
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