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Big Earners, Smaller Banks

Median pay for CEOs at banks with less than $20 billion of assets was about one-tenth of the median for bosses at banks with more than $100 billion of assets in American Banker's 2013 compensation survey. Growth in pay from 2011 was about even between the two groups, however. Here are some of the most richly rewarded chiefs among the smaller banks. Ratings of pay practices, on a scale from A to F, are provided by GMI Ratings, which analyzes corporate governance practices. Figures are for 2012; GMI assessments are as of April 29.

Big Earners: Highest Paid Bank CEOs
Executive Compensation 2013 Special Report

(Image: Thinkstock)

William Cooper, TCF Financial William Cooper, TCF Financial

Base salary: $1.5M
Total comp.: $6.3M
Change from 2011: -30%
Change, 2010 to 2011: 310%
ROAA: -1.1%
Total return: 20%
GMI pay rating: D: High CEO pay relative to peers

William Reuter, Susquehanna Bancshares William Reuter, Susquehanna Bancshares

Base salary: ##PHOTO_DESCRIPTION##.9M
Total comp.: $4.5M
Change from 2011: 171%
Change, 2010 to 2011: 13%
ROAA: 0.9%
Total return: 28%
GMI pay rating: C: Pay policy disclosure has improved and the company has moved to align compensation and performance

Peter Ho, Bank of Hawaii Peter Ho, Bank of Hawaii

Base salary: ##PHOTO_DESCRIPTION##.7M
Total comp.: $4M
Change from 2011: 93%
Change, 2010 to 2011: -26%
ROAA: 1.2%
Total return: 3%
GMI pay rating: C: Fully independent compensation committee that conducts an annual self-evaluation of its effectiveness

Scott Smith*, Fulton Financial Scott Smith*, Fulton Financial

Base salary: ##PHOTO_DESCRIPTION##.9M
Total comp.: $3.8M
Change from 2011: 64%
Change, 2010 to 2011: 54%
ROAA: 1.0%
Total return: 1%
GMI pay rating: D: High CEO pay relative to peers
*Retired as chief executive in January

Martin Dietrich, NBT Bancorp Martin Dietrich, NBT Bancorp

Base salary: ##PHOTO_DESCRIPTION##.6M
Total comp.: $3.5M
Change from 2011: -22%
Change, 2010 to 2011: 51%
ROAA: 0.9%
Total return: -5%
GMI pay rating: D: High CEO pay relative to peers

Marc Stefanski, TFS Financial Marc Stefanski, TFS Financial

Base salary: $1.1M
Total comp.: $3.5M
Change from 2011: 85%
Change, 2010 to 2011: -42%
ROAA: 0.1%
Total return: 7%
GMI pay rating: D: High CEO pay relative to peers

George Gleason, Bank of the Ozarks George Gleason, Bank of the Ozarks

Base salary: $1.2M
Total comp.: $3.5M
Change from 2011: 32%
Change, 2010 to 2011: 20%
ROAA: 2.0%
Total return: 15%
GMI pay rating: D: High CEO pay relative to peers

Raymond Davis, Umpqua Holdings Raymond Davis, Umpqua Holdings

Base salary: ##PHOTO_DESCRIPTION##.8M
Total comp.: $3.3M
Change from 2011: -5%
Change, 2010 to 2011: -8%
ROAA: 0.9%
Total return: -2%
GMI pay rating: F: A poor say-on-pay vote in 2011 weighs heavily on Umpqua's rating

Median pay for CEOs at banks with less than $20 billion of assets was about one-tenth of the median for bosses at banks with more than $100 billion of assets in American Banker's 2013 compensation survey. Growth in pay from 2011 was about even between the two groups, however. Here are some of the most richly rewarded chiefs among the smaller banks. Ratings of pay practices, on a scale from A to F, are provided by GMI Ratings, which analyzes corporate governance practices. Figures are for 2012; GMI assessments are as of April 29.


Big Earners: Highest Paid Bank CEOs

Executive Compensation 2013 Special Report

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