J. Bruce Whittaker served as the President and CEO of Greene County Bancorp for almost two decades, from 1987 to 2007. He started working at the bank in 1972, giving him over 35 years of experience in banking. Despite his...

J. Bruce Whittaker served as the President and CEO of Greene County Bancorp for almost two decades, from 1987 to 2007. He started working at the bank in 1972, giving him over 35 years of experience in banking. Despite his long tenure, he didn't focus heavily on stock options or bonuses, with his highest total compensation being about $504,460 in 2007. Interestingly, he held no vested stocks in that same year. After stepping down as CEO, he continued to contribute as a director of the bank, showing his lasting commitment to the organization. During his leadership, the bank expanded its reach in Greene and Columbia counties in New York, opening several full-service branches. Whittaker is known for his practical approach to management, aligning executive pay with company performance. His tenure shows stability in leadership and dedication to serving the community. Following his retirement, he kept an eye on the bank’s direction while new management took over.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Greene County Bancorp CEOs

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J. Bruce Whittaker

Ex-CEO of Greene County Bancorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1940 - 85 years ago

CEO of Greene County Bancorp for

20 years 5 months (Jan 1987 - Jun 2007)

Previous Experience

Joined the Bank in 1972

Rivals

Competitors/colleagues of J. Bruce Whittaker

Holdings

See how much did J. Bruce Whittaker make over time.

Whittaker's wealth primarily came from his role as a CEO rather than significant stock holdings. His largest personal financial involvement in the company was observed through insider trading, with his reported holdings fluctuating between $4.11 million to $10.61 million from...

Whittaker's wealth primarily came from his role as a CEO rather than significant stock holdings. His largest personal financial involvement in the company was observed through insider trading, with his reported holdings fluctuating between $4.11 million to $10.61 million from 2019 into 2022, but more recent values showed a decline, indicating a drop to around $3.14 million by 2023. This volatility in holdings reflects the company's performance over time, showing that his net worth was closely tied to the bank's stock performance. After retiring, he maintained a presence in the company, but his personal holdings were mainly in trades rather than in amassed stock ownership.

Mar 18, 2025

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shares

GCBC @ $23.45

Total Stock Sold

$26.16K

GCBC

$26.16K

12,000 GCBC shares

What if they kept their stock?

If J. Bruce Whittaker didn't sell their stock, today they would have:
Extra GCBC12,000 shares worth $132.06K.
This is 404.82% and $105.90K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of J. Bruce Whittaker.

GCBC

$104.76K

GCBC at $17.46/share

Feb 15, 2012

Sale

Compensation History

See how much did J. Bruce Whittaker make over time.

Throughout his career, Whittaker's compensation reflected his role and the bank's performance. In 2007, he earned a total compensation of $504,460, mainly from salary and other benefits without stock options. His bonuses were modest, and he didn't rely on stock grants, which suggests that he prioritized steady management over aggressive financial strategies. His pay scale was aligned with what the bank achieved financially, ensuring that ownership and executive interests were in sync. Even in the peak years of his earnings, like in 2001, he noted a lack of additional benefits beyond salary and the matching employer contributions to his 401(k) plan, showing a preference for consistent compensation over speculative payouts.

Year

2007

Total Compensation

$504.46K

Salary

$241.88K

Board Justification

The company aims to align executive compensation with shareholder interests and to attract and retain competent management.

Bonus

$14.18K

Board Justification

The bonus is based on performance metrics established by the Board of Directors and is paid out annually.

Other

$248.41K

Board Justification

Other compensation includes employer matching contributions under the 401(k) plan and the fair market value of shares allocated under the employee stock ownership plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2007 as per the provided data.

Performance Metrics

Performance metrics include annual earnings performance and market price of the Company's stock.

Other Greene County Bancorp CEOs

Here are other CEOs of Greene County Bancorp

Donald E. Gibson

CEO of Greene County Bancorp

July 2007 - Present