'Say on Pay' Scorecard

Shareholder dissent over pay practices grew a bit in 2012. Outright majorities rejected executive compensation plans in advisory votes at three of the 132 institutions covered here, compared with one in 2011. Meanwhile, the percentage garnering less than 75% support grew to 9.8% in 2012 from 9.1% in 2011. Click column headers to sort.

Company Ticker Total
Assets
($B)
Annual
meeting
Say on pay 2012
votes in favor (%)
Say on pay 2011
votes in favor (%)
Chief executive Total
compensation
2011 ($)
Washington Federal Inc. WAFD 13 1/18/12 98.2 96.6 Roy M. Whitehead 2,348,201
First Financial Holdings Inc. FFCH 3 1/26/12 94.4 94.8 R. Wayne Hall 330,893
Provident New York Bancorp PBNY 3 2/16/12 94.8 86.6 Jack Kopnisky* 814,005
ESSA Bancorp Inc. ESSA 1 3/1/12 94.9 96.1 Gary S. Olson 435,616
Hancock Holding Co. HBHC 20 4/5/12 70.7 95.2 Carl J. Chaney 2,449,220
Bank of New York Mellon Corp. BK 325 4/10/12 58.0 79.1 Gerald L. Hassell* 12,350,260
Lakeland Financial Corp. LKFN 3 4/10/12 98.1 72.3 Michael L. Kubacki 967,063
National Bankshares Inc. NKSH 1 4/10/12 94.2 95.3 James G. Rakes 1,576,974
Chemical Financial Corp. CHFC 5 4/16/12 93.8 77.3 David B. Ramaker 1,564,364
First Horizon National Corp. FHN 25 4/17/12 92.8 96.0 D. Bryan Jordan 4,102,375
M&T Bank Corp. MTB 78 4/17/12 97.4 97.2 Robert G. Wilmers 2,939,914
Northern Trust Corp. NTRS 100 4/17/12 75.3 66.0 Frederick H. Waddell 14,305,400
Simmons First National Corp. SFNC 3 4/17/12 97.1 94.8 J. Thomas May 1,048,722
U.S. Bancorp USB 340 4/17/12 93.7 93.4 Richard K. Davis 13,619,458
Umpqua Holdings Corp. UMPQ 12 4/17/12 95.3 35.0 Raymond P. Davis 3,442,525
Citigroup Inc. C 1,874 4/17/12 45.1 92.9 Vikram S. Pandit 14,857,103
Prosperity Bancshares Inc. PB 10 4/17/12 94.4 96.6 David Zalman 1,687,609
Univest Corp. of Pennsylvania UVSP 2 4/17/12 94.4 92.5 William S. Aichele 1,578,039
Pinnacle Financial Partners Inc. PNFP 5 4/17/12 91.1 91.6 M. Terry Turner 1,444,080
Fifth Third Bancorp FITB 117 4/17/12 95.5 94.2 Kevin T. Kabat 7,238,199
First of Long Island Corp. FLIC 2 4/17/12 94.7 73.8 Michael N. Vittorio 986,839
Bank of the Ozarks Inc. OZRK 4 4/17/12 97.0 99.2 George Gleason 2,639,224
Commerce Bancshares Inc. CBSH 21 4/18/12 95.6 96.1 David W. Kemper 3,919,376
Discover Financial Services DFS 69 4/18/12 94.9 95.5 David W. Nelms 13,890,296
Valley National Bancorp VLY 14 4/18/12 90.0 89.4 Gerald H. Lipkin 3,059,666
WesBanco Inc. WSBC 6 4/18/12 94.4 94.7 Paul M. Limbert 949,750
First Financial Corp. THFF 3 4/18/12 93.8 94.7 Norman L. Lowery 1,234,584
Northwest Bancshares Inc. NWBI 8 4/18/12 96.1 97.0 William J. Wagner 2,064,470
FirstMerit Corp. FMER 14 4/18/12 46.0 86.8 Paul G. Greig 6,363,713
Home BancShares Inc. HOMB 4 4/19/12 98.4 98.8 C. Randall Sims 866,825
Huntington Bancshares Inc. HBAN 54 4/19/12 60.5 92.2 Stephen D. Steinour 6,445,710
People's United Financial Inc. PBCT 28 4/19/12 94.3 86.1 John P. Barnes 3,750,051
United Financial Bancorp Inc. UBNK 2 4/19/12 97.2 95.1 Richard B. Collins 686,727
Cardinal Financial Corp. CFNL 3 4/20/12 92.8 62.6 Bernard H. Clineburg 1,269,220
Bank of Kentucky Financial Corp. BKYF 2 4/20/12 95.7 98.3 Robert W. Zapp 554,913
First Citizens BancShares Inc. FCNCA 21 4/23/12 99.0 98.6 Frank B. Holding 1,847,107
S&T Bancorp Inc. STBA 4 4/23/12 94.0 93.0 Todd D. Brice 1,085,639
Park National Corp. PRK 7 4/23/12 77.3 81.3 C. Daniel DeLawder 1,153,166
Associated Banc-Corp ASBC 22 4/24/12 63.4 93.1 Philip B. Flynn 5,015,067
BB&T Corp. BBT 175 4/24/12 95.5 94.1 Kelly S. King 7,458,475
BOK Financial Corp. BOKF 25 4/24/12 97.8 98.3 Stanley A. Lybarger 2,907,012
Comerica Inc. CMA 61 4/24/12 93.3 95.3 Ralph W. Babb 9,819,167
Community Trust Bancorp Inc. CTBI 4 4/24/12 95.5 95.3 Jean R. Hale 584,756
National Penn Bancshares Inc. NPBC 8 4/24/12 95.2 93.8 Scott V. Fainor 1,797,104
PNC Financial Services Group Inc. PNC 271 4/24/12 95.9 95.5 James E. Rohr 16,607,150
SunTrust Banks Inc. STI 177 4/24/12 91.0 97.1 William H. Rogers* 9,273,010
Wells Fargo & Co. WFC 1,314 4/24/12 96.0 96.5 John G. Stumpf 19,843,021
Western Alliance Bancorp. WAL 7 4/24/12 69.3 93.8 Robert G. Sarver 1,835,360
Banner Corp. BANR 4 4/24/12 98.4 97.1 Mark J. Grescovich* 919,545
First Financial Bankshares Inc. FFIN 4 4/24/12 98.3 97.1 F. Scott Dueser 867,464
Washington Trust Bancorp Inc. WASH 3 4/24/12 95.5 97.8 Joseph J. MarcAurele 1,098,788
First Defiance Financial Corp. FDEF 2 4/24/12 78.3 89.3 William J. Small 496,360
First Commonwealth Financial Corp. FCF 6 4/24/12 90.3 93.0 John J. Dolan** 1,431,239
Union First Market Bankshares Corp. UBSH 4 4/24/12 76.8 95.7 G. William Beale 836,588
Hudson City Bancorp Inc. HCBK 45 4/25/12 73.8 91.2 Ronald E. Hermance 9,035,029
Virginia Commerce Bancorp Inc. VCBI 3 4/25/12 96.7 80.6 Peter A. Converse 682,211
Glacier Bancorp Inc. GBCI 7 4/25/12 99.1 99.0 Michael J. Blodnick 360,817
First Niagara Financial Group Inc. FNFG 33 4/25/12 94.9 96.5 John R. Koelmel 3,245,917
MainSource Financial Group Inc. MSFG 3 4/25/12 94.7 92.7 Archie M. Brown 385,426
Oriental Financial Group Inc. OFG 7 4/25/12 99.3 98.2 Jose Rafael Fernandez 1,332,010
S.Y. Bancorp Inc. SYBT 2 4/25/12 83.5 89.5 David P. Heintzman 1,113,916
First Bancorp Inc. FNLC 1 4/25/12 94.4 94.5 Daniel R. Daigneault 579,142
Columbia Banking System Inc. COLB 5 4/25/12 95.9 84.9 Melanie J. Dressel 1,138,875
City Holding Co. CHCO 3 4/25/12 94.2 88.7 Charles R. Hageboeck 893,464
TCF Financial Corp. TCB 19 4/25/12 76.2 64.2 William A. Cooper 8,905,179
Central Pacific Financial Corp. CPF 4 4/25/12 99.5 99.9 John C. Dean* 870,183
Boston Private Financial Holdings Inc. BPFH 6 4/26/12 89.6 78.4 Clayton G. Deutsch 2,832,442
CapitalSource Inc. CSE 8 4/26/12 90.5 88.6 James J. Pieczynski 1,301,080
Cullen/Frost Bankers Inc. CFR 20 4/26/12 95.5 97.0 Richard W. Evans 4,729,491
Peoples Bancorp Inc. PEBO 2 4/26/12 95.5 95.6 Charles W. Sulerzyski* 688,585
Synovus Financial Corp. SNV 27 4/26/12 94.1 96.0 Kessel D. Stelling 1,471,330
Webster Financial Corp. WBS 19 4/26/12 93.2 93.9 James C. Smith 4,992,432
Westamerica Bancorp. WABC 5 4/26/12 97.3 97.4 David L. Payne 766,679
CenterState Banks Inc. CSFL 2 4/26/12 98.6 72.8 Ernest S. Pinner 744,170
Provident Financial Services Inc. PFS 7 4/26/12 95.7 95.2 Christopher Martin 1,621,602
Southwest Bancorp Inc. OKSB 2 4/26/12 95.9 96.4 Rick J. Green 521,838
West Bancorporation Inc. WTBA 1 4/26/12 96.3 86.2 David D. Nelson 385,577
SVB Financial Group SIVB 20 4/26/12 93.7 94.9 Greg W. Becker* 4,593,815
First Merchants Corp. FRME 4 4/27/12 94 95.5 Michael C. Rechin 640,972
Bank of Hawaii Corp. BOH 14 4/27/12 95.9 94.5 Peter S. Ho 2,055,209
Popular Inc. BPOP 37 4/27/12 96.9 95.1 Richard L. Carrion 2,552,311
Cape Bancorp Inc. CBNJ 1 4/30/12 95.9 96.9 Michael D. Devlin 325,910
American Express Co. AXP 153 4/30/12 95.8 83.5 Kenneth I. Chenault 23,038,691
Fulton Financial Corp. FULT 16 4/30/12 91.7 90.2 R. Scott Smith 2,329,504
Pacific Continental Corp. PCBK 1 4/30/12 92.3 92.7 Hal Brown 546,848
Camden National Corp. CAC 2 5/1/12 94.7 96.3 Gregory Dufour 796,746
Merchants Bancshares Inc. MBVT 2 5/1/12 97.1 92.4 Michael R. Tuttle 458,766
Orrstown Financial Services Inc. ORRF 1 5/1/12 71.6 89.4 Thomas R. Quinn 565,425
Heritage Financial Corp. HFWA 1 5/2/12 97.9 99.2 Brian L. Vance 546,617
Sandy Spring Bancorp Inc. SASR 4 5/2/12 72.8 80.8 Daniel J. Schrider 882,669
Bryn Mawr Bank Corp. BMTC 2 5/2/12 96.5 98.4 Frederick C. Peters 1,276,160
Sterling Bancorp STL 2 5/3/12 39.9 84.8 Louis J. Cappelli 5,198,232
Washington Banking Co. WBCO 2 5/3/12 97.4 97.8 John L. Wagner 780,438
Bridge Bancorp Inc. BDGE 1 5/4/12 93.5 94.8 Kevin M. O'Connor 804,971
Susquehanna Bancshares Inc. SUSQ 15 5/4/12 91.2 64.4 William J. Reuter 1,670,855
Bancorp Inc. TBBK 3 5/7/12 89.6 68.7 Betsy Z. Cohen 946,148
Bank Mutual Corp. BKMU 2 5/7/12 81.2 90.0 Michael T. Crowley 2,607,220
Capital One Financial Corp. COF 206 5/8/12 85.5 86.8 Richard D. Fairbank 18,668,058
Trustmark Corp. TRMK 10 5/8/12 98 97.2 Gerard R. Host* 3,441,740
Cascade Bancorp CACB 1 5/8/12 99.4 99.9 Patricia L. Moss 2,691,945
Bank of America Corp. BAC 2,129 5/9/12 90 91.9 Brian T. Moynihan 8,087,181
Brookline Bancorp Inc. BRKL 3 5/9/12 93 95.3 Paul A. Perrault 1,563,725
Community Bank System Inc. CBU 6 5/9/12 95.8 93.6 Mark E. Tryniski 1,549,688
PacWest Bancorp PACW 6 5/9/12 83.7 65.2 Matthew P. Wagner 4,207,247
Financial Institutions Inc. FISI 2 5/9/12 90.4 82.9 Peter G. Humphrey 1,250,485
City National Corp. CYN 24 5/9/12 74.3 97.0 Russell Goldsmith 9,507,763
Lakeland Bancorp Inc. LBAI 3 5/9/12 90 92.5 Thomas J. Shara 823,039
Berkshire Hills Bancorp Inc. BHLB 4 5/10/12 95.1 96.8 Michael P. Daly 1,346,605
OceanFirst Financial Corp. OCFC 2 5/10/12 93.6 93.3 John R. Garbarino 1,328,794
Old National Bancorp ONB 9 5/10/12 93.8 92.6 Robert G. Jones 1,423,515
Pacific Capital Bancorp PCBC 6 5/10/12 99.8 99.8 Carl B. Webb 0
Hudson Valley Holding Corp. HVB 3 5/10/12 96.4 97.0 James J. Landy 791,551
First Bancorp FBNC 3 5/10/12 92.2 95.0 Jerry L. Ocheltree 972,857
Bank of Marin Bancorp BMRC 1 5/15/12 92.1 91.6 Russell A. Colombo 716,299
Flushing Financial Corp. FFIC 4 5/15/12 90.3 88.0 John R. Buran 1,675,953
JPMorgan Chase & Co. JPM 2,266 5/15/12 91.5 72.6 James Dimon 23,105,415
OmniAmerican Bancorp Inc. OABC 1 5/15/12 96.8 83.3 Tim Carter 1,418,517
StellarOne Corp. STEL 3 5/15/12 91.8 91.8 O. R. Barham 649,793
Texas Capital Bancshares Inc. TCBI 8 5/15/12 94.6 98.7 George F. Jones 1,447,873
Astoria Financial Corp. AF 17 5/16/12 70.3 64.8 Monte N. Redman* 4,494,198
First Midwest Bancorp Inc. FMBI 8 5/16/12 84.9 92.8 Michael L. Scudder 1,891,554
Great Southern Bancorp Inc. GSBC 4 5/16/12 95.2 96.9 Joseph W. Turner 686,400
Heartland Financial USA Inc. HTLF 4 5/16/12 97.3 97.5 Lynn B. Fuller 649,416
Meridian Interstate Bancorp Inc. EBSB 2 5/16/12 99.1 99.1 Richard J. Gavegnano 1,067,250
State Street Corp. STT 217 5/16/12 86.9 88.4 Joseph L. Hooley 16,187,964
Beneficial Mutual Bancorp Inc. BNCL 5 5/17/12 97.7 99.2 Gerard P. Cuddy 1,138,115
CoBiz Financial Inc. COBZ 2 5/17/12 96.4 98.1 Steven Bangert 1,160,413
Eagle Bancorp, Inc. EGBN 3 5/17/12 76.1 97.9 Ronald D. Paul 3,317,577
Independent Bank Corp. INDB 5 5/17/12 94 90.9 Christopher Oddleifson 2,049,552
KeyCorp KEY 89 5/17/12 95.6 86.0 Beth E. Mooney* 4,955,664
Regions Financial Corp. RF 127 5/17/12 95.2 83.4 O.B. Grayson Hall 6,381,475
TrustCo Bank Corp NY TRST 4 5/17/12 88.8 88.6 Robert J. McCormick 1,762,930

*Became CEO in 2011
**John Dolan resigned from First Commonwealth Financial Corp. in December 2011
Note: Total assets are for the end of fiscal 2011
Sources: GMI Ratings, Bloomberg and company reports

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