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.