ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release November 10, 2000 #00-129
E-mail: [email protected]

ACB SURVEY FINDS INCREASES IN COMPENSATION AT COMMUNITY BANKS

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WASHINGTON, D.C. — The base compensation of community bank chief executives averaged $164,648 this year, an increase of about 8 percent, according to the most comprehensive source of data and policies on compensation among community banks, America’s Community Bankers’ 2000 Compensation Survey. The average compensation in 1999 was $150,887.

Among CEOs, average compensation ranged from $78,128 for institutions with less than $50 million in assets to $325,345 for institutions with more than $1 billion in assets. The average compensation for CEOs in metropolitan areas was $181,532. Stock institution CEOs averaged a base salary of $187,501. Among mutual institutions, the average was $135,310. In part, the difference reflects average asset size differences. Overall, bank staff salaries increased by an average of 3.92 percent in 2000.

Outside directors’ compensation averaged $13,900, ranging from $6,311 at institutions with less than $50 million in assets to $24,204 at institutions with more than $1 billion in assets.

The publication includes compensation information on more than 140 positions at community banks, in five ways: nationwide, seven asset size categories, nine geographic regions, a combined group of 52 metropolitan areas, and type of charter. This year’s survey includes special white papers on compensation issues and an appendix presents a finer breakdown of the smallest asset category for the five highest paid employees.

The survey is available as a 440-page manual or on a searchable CD-ROM, or as a discounted combined package. To order, visit www.AmericasCommunityBankers.com or call (202) 857-3119.

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

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