TowneBank Management
Management criteria checks 4/4
TowneBank's CEO is Bill Foster, appointed in Dec 2022, has a tenure of 2.17 years. total yearly compensation is $1.46M, comprised of 61.5% salary and 38.5% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth €1.72M. The average tenure of the management team and the board of directors is 6.9 years and 20.9 years respectively.
Key information
Bill Foster
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 61.5% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.07% |
| Management average tenure | 6.9yrs |
| Board average tenure | 20.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$162m |
| Sep 30 2024 | n/a | n/a | US$149m |
| Jun 30 2024 | n/a | n/a | US$151m |
| Mar 31 2024 | n/a | n/a | US$150m |
| Dec 31 2023 | US$1m | US$900k | US$154m |
| Sep 30 2023 | n/a | n/a | US$172m |
| Jun 30 2023 | n/a | n/a | US$177m |
| Mar 31 2023 | n/a | n/a | US$182m |
| Dec 31 2022 | US$2m | US$603k | US$189m |
| Sep 30 2022 | n/a | n/a | US$182m |
| Jun 30 2022 | n/a | n/a | US$183m |
| Mar 31 2022 | n/a | n/a | US$192m |
| Dec 31 2021 | US$2m | US$451k | US$215m |
| Sep 30 2021 | n/a | n/a | US$225m |
| Jun 30 2021 | n/a | n/a | US$209m |
| Mar 31 2021 | n/a | n/a | US$188m |
| Dec 31 2020 | US$1m | US$440k | US$146m |
| Sep 30 2020 | n/a | n/a | US$131m |
| Jun 30 2020 | n/a | n/a | US$134m |
| Mar 31 2020 | n/a | n/a | US$134m |
| Dec 31 2019 | US$2m | n/a | US$139m |
Compensation vs Market: Bill's total compensation ($USD1.46M) is about average for companies of similar size in the German market ($USD2.07M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Foster (68 yo)
2.2yrs
Tenure
US$1,464,533
Compensation
Mr. William I. Foster, III, also known as Bill, serves as Chief Executive Officer and President of TowneBank since December 31 2022. He is President of Central Virginia & the Carolinas at TowneBank since S...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 27.1yrs | US$1.65m | 0.57% € 15.0m | |
| CEO, President & Director | 2.2yrs | US$1.46m | 0.065% € 1.7m | |
| Senior EVP & CFO | 6.9yrs | US$1.10m | 0.087% € 2.3m | |
| President & Regional Banking Director for Virginia and Northeastern North Carolina | 6.3yrs | US$851.49k | 0.067% € 1.8m | |
| President & CEO of TowneBank Financial Services Group and Director | no data | US$1.41m | 0.22% € 5.9m | |
| Senior Executive VP & COO | 2.1yrs | no data | 0.027% € 700.4k | |
| Senior EVP & Chief Accounting Officer | 6.8yrs | no data | 0.0074% € 196.2k | |
| Senior EVP & Chief Information Officer | 8.7yrs | no data | 0.018% € 483.6k | |
| Senior EVP & Chief Legal Officer | 8.3yrs | no data | 0.027% € 716.2k | |
| Executive Vice President of Towneinsurance | no data | no data | no data | |
| President of Portsmouth & Real Estate Finance Group | no data | no data | no data | |
| Senior EVP & Chief Credit Officer | 13.6yrs | no data | 0.046% € 1.2m |
6.9yrs
Average Tenure
58yo
Average Age
Experienced Management: 3T8's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 27.1yrs | US$1.65m | 0.57% € 15.0m | |
| CEO, President & Director | 19.8yrs | US$1.46m | 0.065% € 1.7m | |
| President & CEO of TowneBank Financial Services Group and Director | 8.7yrs | US$1.41m | 0.22% € 5.9m | |
| Advisor & Director Emeritus | no data | no data | no data | |
| Advisor & Director Emeritus | no data | US$111.64k | no data | |
| Chairman of TowneBank Peninsula | no data | US$53.21k | no data | |
| Independent Director | 20.9yrs | US$114.86k | 0.13% € 3.4m | |
| Independent Vice Chairman of the Board | 8.7yrs | US$101.19k | 0.16% € 4.2m | |
| Independent Director | 24.3yrs | US$85.61k | 0.12% € 3.1m | |
| Independent Director | 26.1yrs | US$93.61k | 0.026% € 685.1k | |
| Independent Director | 26.1yrs | US$101.21k | 0.24% € 6.3m | |
| Independent Director | 9.7yrs | US$119.44k | 0.082% € 2.2m |
20.9yrs
Average Tenure
73.5yo
Average Age
Experienced Board: 3T8's board of directors are seasoned and experienced ( 20.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 12:27 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TowneBank is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Scheiner | FBR Capital Markets & Co. |
| David Bishop | Hovde Group, LLC |
| Catherine Summerson Mealor | Keefe, Bruyette, & Woods |