SCHEDULE 14A
                               (Rule 14a-101)
                  INFORMATION REQUIRED IN PROXY STATEMENT
                          SCHEDULE 14A INFORMATION
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                            Cohoes Bancorp, Inc.
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            (Name of Registrant as Specified in Its Charter)


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FOR IMMEDIATE RELEASE



              COHOES BANCORP RESPONDS TO ISS RECOMMENDATION

COHOES, NY - November 22, 2000 - Cohoes Bancorp, Inc. (Nasdaq:COHB) today
issued the following statement in response to the Institutional Shareholder
Services Inc.'s (ISS) report:

We are pleased that ISS has recommended that shareholders vote "for" the
board's proposal to amend the stock option plan, noting that such provisions
are "necessary to align the interests of officers and employees with public
shareholders as management pursues a sale of the company."

In addition, ISS stated "We commend management for publicly announcing its
intention to sell the company, and we are encouraged by the company's
retention of an investment banker to aid the process and its lack of a poison
pill, which could otherwise deter beneficial offers."  ISS further stated
"This public profession of management's intent should assuage any concerns
that management is entrenched, and should satisfy shareholders that the
current board and management are acting in shareholders' best interests."

However, we believe that ISS mistakenly based its recommendation on TrustCo's
claims that its offer has not been seriously considered.  We invited TrustCo
to participate in our fair and impartial evaluation of strategic options, but
TrustCo declined to participate by refusing to sign a standard confidentiality
agreement. Once again, this is the same agreement that several other financial
institutions have already signed and returned to our investment banker.
TrustCo's refusal to sign the agreement is clearly indicative of the
disruptive nature of their hostile offer, and their unwillingness to act in
the best interests of all Cohoes stockholders. We have also duly considered
TrustCo's pending offer, and we believe we can obtain a better offer.

In making their choice in voting for directors, Cohoes stockholders should
consider the following:

      *  Cohoes Board of Directors is exploring all of the Company's strategic
         options, and will duly consider all offers that are received, and
         will treat all interested parties fairly and equally.

      *  Cohoes Board of Directors are all fellow stockholders.  They are
         experienced and highly qualified. They have a significant financial
         stake in the Company's financial success. Most importantly, they have
         taken decisive actions to increase the value of your investment in
         Cohoes. They are committed to maximizing value and will act in the
         best interests of all Cohoes stockholders.

                                -  more  -


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      *  We believe TrustCo's special interest nominees, if elected to Cohoes
         Board, will have a conflict of interest when considering the terms of
         TrustCo's offer.  They could delay or impede the Board's actions to
         sell the Company. Also, their proposed tender offer is still highly
         conditional, and even TrustCo has indicated that it will need at
         least four months after its regulatory applications are filed. These
         applications were just filed this week.

Cohoes management and board are committed to maximizing stockholder value and
we are dedicated to reviewing proposals from all interested parties, including
any proposal from TrustCo. We urge Cohoes stockholders to reelect our director
nominees.

Cohoes is a unitary holding company which owns all of the capital stock of
Cohoes Savings Bank, which maintains a network of 21 full service branch
offices in upstate New York.  On September 30, 2000, the Company had $739.3
million in assets and $123.6 million in stockholders' equity.

This release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 that involve risk and
uncertainty.  It should be noted that a variety of factors could cause Cohoes'
actual results and experience to differ materially from the anticipated
results or expectations expressed in the forward-looking statements.  Cohoes
does not undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.

Cohoes has filed a Solicitation/Recommendation Statement in response to the
Tender Offer Statement filed by TrustCo Bank Corp. NY.  WE URGE INVESTORS TO
READ THESE DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT INFORMATION.  Investors
are able to obtain, free of charge, the Solicitation/Recommendation Statement
filed by Cohoes at the SEC's website, www.sec.gov.  In addition, documents
filed with the SEC by Cohoes are available free of charge from the Secretary
of Cohoes at 75 Remsen Street, Cohoes, New York 12047, telephone (518) 233-
6500.

Cohoes and its directors and executive officers may be deemed to be
participants in the solicitation of proxies in connection with the upcoming
annual meeting of stockholders.  INFORMATION ABOUT THE PARTICIPANTS MAY BE
OBTAINED THROUGH THE SEC'S WEBSITE FROM THE PROXY MATERIALS FILED BY COHOES
WITH THE SEC.


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