UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 20, 2007
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Tompkins Trustco, Inc.
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(Exact Name of Registrant as specified in Charter)
New York 1-12709 16-1482357
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
The Commons, PO Box 460, Ithaca, New York 14851
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (607) 273-3210
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17CFR 240.13e-4(c))
Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
Effective February 20, 2007, by unanimous written consent the Board of
Directors of Tompkins Trustco, Inc. (the "Board" of the "Corporation") accepted
the resignation of Bonnie H. Howell from the Boards of Directors of the
Corporation and its wholly-owned subsidiary, Tompkins Trust Company (the
"Bank"). Ms. Howell's resignation from the Board is due entirely to health
limitations. The Board also accepted the recommendation of the Corporation's
Nominating and Corporate Governance Committee that John E. Alexander replace Ms.
Howell as Chair of the Audit/Examining Committee of the Board effective February
20, 2007. Upon recommendation of the Corporation's Nominating and Corporate
Governance Committee, the Board of Directors elected Carl E. Haynes to fill the
Board vacancy on February 20, 2007. Dr. Haynes will serve until the Annual
Meeting of Stockholders in May 2007, at which time his nomination for a
three-year term will be voted upon by the stockholders. At this time it has not
yet been determined to which committees of the Board Mr. Haynes will be named.
Dr. Haynes has served on the Bank's Board of Directors since 1996, and
he currently holds two outstanding loans from the Bank. The loans to Mr. Haynes
were made in the Bank's ordinary course of business, were made on substantially
the same terms, including interest rates and collateral, as those prevailing at
the time for comparable loans with persons not related to the lender, and do not
involve more than the normal risk of collectibility or present other unfavorable
features.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. Description
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99.1 Press Release of Tompkins Trustco, Inc. dated February 23,
2007.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TOMPKINS TRUSTCO, INC.
Date: February 23, 2007 By: /s/ FRANCIS M. FETSKO
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Francis M. Fetsko
Executive Vice President and
Chief Financial Officer
INDEX TO EXHIBITS
EXHIBIT
NUMBER EXHIBIT DESCRIPTION PAGE
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99.1 Press Release of Tompkins Trustco, Inc. dated February 23, 2007.