A savings and loan holding company, through its subsidiary, Trustco Bank, is engaged in providing general banking services to individuals, partnerships and corporations.
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I think equity's (stock's) in the short term will fall. This stock however pays a good dividend. The company also owns and operates bonds, which i think would be worth more if the stock market went bad. In a indirect way it is a hedge, as the bonds can be sold off at premiums, or held on to. The bottom line is, if things started happening, a company that pays 6% as a dividend (better than some good amount of bonds) is nice for holding equity in the stock market. You can lose if they cut the dividend. That is a risk you assume at the current $11 / share.
In the future, dividends can always go up. Its great to be paid dividends for holding equity.