8-K

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) July 24, 2002

       TOMPKINS TRUSTCO, INC.        

(Exact name of registrant as specified in its charter)

New York	1-12709	16-1482357
(State or other	(Commission File Number)	(IRS Employer
jurisdiction of		Identification No.)
incorporation)

The Commons, PO Box 460, Ithaca, NY	14851
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (607) 273-3210

Not Applicable

(Former name or former address, if changed since last report)

Item 5. Other Events.

             On July 23, 2002, The Board of Tompkins Trustco, Inc. (“Tompkins”) authorized the repurchase of up to 400,000 shares of the Company’s outstanding common stock. Purchases may be made on the open market or in privately negotiated transactions, over the next 24 months.

             Tompkins issued a press release on July 24, 2002, announcing the repurchase program. Such press release is filed as Exhibit 99.1 hereto.

Item 7. Financial Statements and Exhibits.

             (a)   Not applicable.

             (b)   Not applicable.

             (c)   Exhibits

Exhibit No.	Description
99.1	Press Release of Tompkins Trustco, Inc. dated
	July 24, 2002.

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: July 24, 2002	By:  /s/ JAMES J. BYRNES
	James J. Byrnes
	Chairman and
	Chief Executive Officer

INDEX TO EXHIBITS

EXHIBIT
NUMBER	EXHIBIT DESCRIPTION	PAGE
99.1	Press Release of Tompkins Trustco, Inc. dated July 24, 2002.

EX-99.1

Exhibit 99.1

For more information contact:
James J. Byrnes, Chairman & CEO
James W. Fulmer, President
Francis M. Fetsko, CFO
Tompkins Trustco, Inc. 607.273.3210

For Immediate Release
July 24, 2002

ITHACA, NY - Tompkins Trustco, Inc. Board approves stock repurchase Plan

             Tompkins Trustco, Inc. announced today that its Board of Directors has authorized the repurchase of up to 400,000 shares of the Company’s outstanding common stock. Purchases may be made on the open market or in privately negotiated transactions, over the next 24 months. This share repurchase program replaces a program that was previously approved by the Company’s Board of Directors in August 2000, which was set to expire in August of 2002. Over the life of the program approved in 2000, the Company repurchased 278,943 shares. James J. Byrnes, Chairman and Chief Executive Officer, commented, “We believe that the repurchase of our stock represents a good investment opportunity for the Company and will provide long term benefit to the Company and its shareholders.”

             Tompkins Trustco, Inc. is the parent company for Tompkins Trust Company, The Bank of Castile, and Mahopac National Bank. The Company operates 32 banking offices in the New York State markets served by the Company’s subsidiary banks and offers insurance services through its Tompkins Insurance Agencies, Inc. subsidiary, an independent agency serving individuals and business clients throughout western New York. Each Tompkins subsidiary operates with a community focus, meeting the needs of the unique communities served.

"Safe Harbor" Statement under the Private Securities Litigation Reform of 1995:

             This press release may include forward-looking statements with respect to revenue sources, growth, market risk, and corporate objectives. The Company assumes no duty, and specifically disclaims any obligation, to update forward-looking statements, and cautions that these statements are subject to numerous assumptions, risk, and uncertainties, all of which could change over time. Actual results could differ materially from forward-looking statements.