Trustco Bank Corp: Outstanding Free Cash Flow Covers High And Rising Dividend

Which cover: new articles | breaking news | earnings results | dividend announcements Get email alerts on This article was sent to 375,080 people who get the Investing Ideas newsletter. Get the Investing Ideas newsletter TrustCo Bank Corp: Outstanding Free Cash Flow Covers High and Rising Dividend Oct 4 2010, 02:23 by: Randy Durig | http://www.prweb.com/releases/the-elevation-group/aspire-magazine-feature/prweb10433128.htm about: TRST , includes: BAC , C , GE , JPM , WFC BOOKMARKED / READ LATER Added to your bookmarks on the Seeking Alpha homepage Remove Bookmark TrustCo Bank Corp. NY ( TRST ) operates as the holding company for TrustCo Bank. The bank provides personal and business banking services for individuals, partnerships, corporations and other entities. The company was founded in 1902 and is headquartered in Glenville, New York.

Banking: Cash flow problem

“I answered it was outrageous that I could put cash in but could not take cash out and was charged $10 for the privilege of having a piece of bank paper.” The bank, says Jane, insisted she had to take her money in the form of a bank cheque, costing her the $10. Jane invested $15,000 in a term deposit with the Bank of Queensland. When it matured she wanted to withdraw her money in cash because the Commonwealth Bank, just down the street, offered a better rate. Many term deposit holders might find themselves in such a situation right now.

Minnesota Cash-Flow Plan Involves Bank Credit, Delay of Rebates, Payments

At some level if you continue short-term borrowing youre just pouring gasoline on the deterioration, said Senate Majority Leader Larry Pogemiller , from Minneapolis. Hanson said he hopes to avoid the need for any borrowing. I am going to try everything I can to make sure the state doesnt have to short-term borrow, he said. He said he has the authority to set up the line of credit without further action by the commission. The committee declined to vote on a recommendation on the financing plan.

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