TrustCo Bank Corp NY announced that Kimberly Adams Russell and Frank B. Silverman has been elected as Company ‘s Board of Directors, also for its subsidiary, Trustco Bank. Both are effective from August 18, 2020.
Ms. Russell has currently the major role in Frank Adams Jewelers in Albany, New York as President and COO. She worked in the segment of Audit, Board Compliance, Compensation, Fiduciary, Nominating and Corporate Governance, and Risk Committees of the company’s Board of Directors.
While Mr. Silverman has currently the major position as managing member of Vision Development and Management. Vision Development and Management is the Orlando based company located in Florida area where Trustco Bank is also located. In Vision Development and Management, He also played his role as Board Compliance, Fiduciary, and Risk Committees of the Company’s Board of Directors.
Robert J. McCormick, Chairman, President, and Chief Executive Officer and Dennis DeGennaro, Lead Independent Director, made the announcement.
Mr. McCormick said, “Kimberly will be an excellent addition to our Board due to her valuable experience and background in the retail sector. Frank has substantial roots in the Orlando real estate market and central Florida community, and will add depth and geographic diversity to the Board’s existing expertise in real estate development and Trustco Bank’s core business of residential mortgage lending.”