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...

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 in various banks, including serving as interim president of Rivoli Bank & Trust and CEO of Atlantic Southern Bank. During his time at Colony Bankcorp, he emphasized the need for competitive compensation packages to attract and retain top talent, showing a clear understanding of the banking business. Interestingly, Loomis did not receive any stock options or significant bonuses, indicating a traditional approach to executive compensation where salary and benefits were his primary focus. His compensation peaked in 2017 at around $296,678, highlighting how stable his role was within the company. Notably, Loomis has participated in insider trading, with reported transactions that peaked in value in 2022 at approximately $886,710. This activity suggests a strong personal investment in the company’s performance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Colony Bankcorp CEOs

C

Edward P. Loomis, Jr.

Ex-CEO of Colony Bankcorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1954 - 71 years ago

CEO of Colony Bankcorp for

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.

Rivals

Competitors/colleagues of Edward P. Loomis, Jr.

S

Travis Jaggers

CEO of Stellar Bancorp

2023 Compensation

Stock

$71.29K

Salary

$745.00K

Bonus

$92.61K

Other

$28.71K

Total Holdings

$352.34K

N

Michael E. Daniels

Founder and CEO of Nicolet Bankshares

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$20.00K

Total Holdings

$35.81M

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

O

Patrick S. Barrett

CEO of OceanFirst Financial

2023 Compensation

Stock

$0.00

Salary

$450.00K

Bonus

$285.12K

Other

$65.33K

Total Holdings

$1.71M

Holdings

See how much did Edward P. Loomis, Jr. make over time.

Edward P. Loomis, Jr. has shown a notable pattern in his insider trading activities with Colony Bankcorp, particularly from 2019 to 2024. Starting in 2019, his holdings in the company reached a high of about $646,440 in December. The next...

Edward P. Loomis, Jr. has shown a notable pattern in his insider trading activities with Colony Bankcorp, particularly from 2019 to 2024. Starting in 2019, his holdings in the company reached a high of about $646,440 in December. The next year saw a slight dip, with values fluctuating between $420K to $630K. However, in 2021, Loomis saw significant growth in his holdings, peaking at $809,010 in October. The following years fluctuated as well, with his holdings crossing the $800K mark again in early 2022. By mid-2024, his holdings have been reported around $706,930, reflecting a robust investment and confidence in Colony Bankcorp's future.

Loading...

Insider Trading

See recent insider trades of Edward P. Loomis, Jr..

CBAN

750 shares

CBAN

Jul 1, 2024

Received

CBAN

600 shares

CBAN

Aug 29, 2023

Received

CBAN

900 shares

CBAN

Jul 1, 2022

Received

CBAN

$82.50K

CBAN at $16.50/share

Feb 8, 2022

Purchase

CBAN

3,000 shares

CBAN

Jul 1, 2021

Received

CBAN

$150.00K

CBAN at $6.00/share

Nov 30, 2012

Purchase

CBAN

$150.00K

CBAN at $6.00/share

Oct 23, 2013

Purchase

CBAN

$51.80

CBAN at $3.70/share

Nov 30, 2012

Purchase

CBAN

$1.95K

CBAN at $3.70/share

Nov 30, 2012

Purchase

CBAN

$5.92K

CBAN at $3.70/share

Nov 15, 2012

Purchase

Compensation History

See how much did Edward P. Loomis, Jr. make over time.

During his tenure as CEO of Colony Bankcorp, Edward P. Loomis, Jr. had a straightforward compensation structure primarily consisting of salary and a modest bonus, reflective of the banking sector's norms. In 2017, his total compensation reached $296,678, primarily from a base salary of $269,231 and a bonus of about $27,447, attributed mainly to company contributions to a 401(k) plan. His compensation metrics were tied closely to the company's financial performance, which indicates a performance-oriented philosophy. Year over year, his compensation fluctuated, with increases observed from $259,577 in 2015 up to the peak in 2017, though he did not benefit from any stock grants or options, showcasing a more traditional approach to remuneration in the banking industry.

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.

Other Colony Bankcorp CEOs

Here are other CEOs of Colony Bankcorp

James D. Minix

Ex-CEO of Colony Bankcorp

October 2011 - May 2012

T. Heath Fountain

Ex-CEO of Colony Bankcorp

July 2018 - August 2021