Sundar PichaiSundar Pichai earned $164M in 2023
C

Edward P. Loomis, Jr.

Ex-CEO of Colony Bankcorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1954 - 71 years ago

Economy Sector

Financial Services

Tenure

5 years 3 months (May 2012 - Aug 2017)

Previous Experience

Served as the interim president and chief executive officer of Rivoli Bank & Trust and chief operating officer of Atlantic Southern Bank.

Edward P. Loomis, Jr. served as the CEO of Colony Bankcorp, Inc. from May 14, 2012, until his retirement in September 2018. He brought over 30 years of experience in the banking industry to the role, having held leadership positions...

Year

2017

Total Compensation

$296.68K

Salary

$269.23K

Board Justification

The Company aims to attract and retain superior employees for key positions through competitive compensation packages that include base salary, profit sharing contributions, and reasonable perquisites.

Bonus

$27.45K

Board Justification

The bonus is comprised of 401(k) contributions allocated by the Company to each of the named executive officers pursuant to Colony Bankcorp, Inc. 401(k) Plan.

Other

$0.00

Board Justification

No additional compensation was mentioned in the provided section for 2017.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2017 as no stock grants were mentioned in the provided section.

Performance Metrics

The performance metrics for determining compensation are based on the Company's financial performance, including net income available to common shareholders.