American Century Companies Boosts Stake in TrustCo Bank

Investment firm increases holding in regional bank by 10% in Q3

Mar. 11, 2026 at 7:09am

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American Century Companies Inc. has increased its stake in TrustCo Bank Corp NY by 10% during the third quarter, according to a recent SEC filing. The investment firm now owns approximately 514,237 shares of the regional bank's stock, representing around 2.73% of the company's outstanding shares.

Why it matters

This transaction highlights the ongoing interest from institutional investors in TrustCo Bank, a community bank with a strong presence in upstate New York and western Massachusetts. The increase in American Century's position suggests they see value in the bank's fundamentals and growth potential.

The details

According to the 13F filing, American Century Companies acquired an additional 46,881 shares of TrustCo Bank during the third quarter, bringing its total position to 514,237 shares. This represents around 10% growth in the firm's holding of the bank's stock compared to the prior quarter.

  • American Century Companies filed the 13F report disclosing the increased stake on March 11, 2026.
  • The additional 46,881 shares were acquired during the third quarter of 2025.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets for individual and institutional clients.

TrustCo Bank Corp NY

A regional bank headquartered in Glens Falls, New York that provides community banking and financial services across upstate New York and western Massachusetts.

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The takeaway

The increased stake by a major institutional investor like American Century Companies suggests continued confidence in TrustCo Bank's growth prospects and ability to deliver value for shareholders. This transaction underscores the appeal of community banks with strong regional presences to large asset managers seeking diversified financial sector exposure.