Filed by TrustCo Bank Corp NY
                                Pursuant to Rule 425 under the Securities Act of
                                   1933 and deemed filed  pursuant to Rule 14d-2
                                          of the Securities Exchange Act of 1934
         Subject Companies:  Cohoes Bancorp, Inc.(Commission File No. 000-25027)
                   and Hudson River Bancorp, Inc.(Commission File No. 000-24187)




TRUSTCO
Bank Corp NY                                                    News Release
192 Erie Boulevard, Schenectady, New York, 12305
--------------------------------------------------------------------------------
(518) 377-3311   Fax: (518) 381-3668

Subsidiary:  Trustco Bank                                       NASDAQ -- TRST


             Contact:        William F. Terry
                             Secretary
                             518-381-3611



FOR IMMEDIATE RELEASE:



              TRUSTCO ANNOUNCES TERMINATION OF EXCHANGE OFFERS FOR
            COHOES BANCORP, INC. AND HUDSON RIVER BANCORP, INC., AND
                HALTS PROXY SOLICITATION FOR ALTERNATIVE DIRECTOR
                    SLATE FOR COHOES ANNUAL MEETING ELECTION


Schenectady, New York - November 27, 2000

     Robert A. McCormick,  President and Chief Executive Officer of TrustCo Bank
     Corp NY, today  announced  several  actions  based on the  proposed  Cohoes
     Bancorp,  Inc. and Hudson River Bancorp,  Inc. merger.  "As a result of our
     efforts  since the first  Cohoes/Hudson  River deal was announced in April,
     the present  $19.50  proposal will result in the creation of  approximately
     $69 million in added wealth for the Cohoes  shareholders.  Since our fellow
     Cohoes  shareholders  are now expected to receive  ample  compensation  for
     their  Cohoes  stock,  we are taking  action today to withdraw our exchange
     offers  for  both  Cohoes  and  Hudson  River.  Also,  we are  halting  our
     solicitation  of proxies to elect our four  nominees to the Cohoes Board of
     Directors, and we will deliver the proxies we have received to Cohoes. None
     of our nominees intend to serve as Cohoes directors if they are elected. We
     will continue to review various options open to us."

     TrustCo is a $2.4 billion bank holding  company and through its  subsidiary
     banks,  Trustco  Bank,  National  Association,  and Trustco  Savings  Bank,
     operates  54  bank  offices  in  Albany,  Columbia,   Greene,   Montgomery,
     Rensselaer,  Saratoga,  Schenectady,   Schoharie,  Warren,  and  Washington
     counties.  In addition,  Trustco Bank, National Association operates a full
     service Trust Department with $1.34 billion of assets under management.

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