TowneBank Management
Management criteria checks 3/4
TowneBank's CEO is Bill Foster, appointed in Dec 2022, has a tenure of 2.42 years. total yearly compensation is $2.57M, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 0.069% of the company’s shares, worth €1.52M. The average tenure of the management team and the board of directors is 7.2 years and 21.2 years respectively.
Key information
Bill Foster
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 42.95% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.07% |
| Management average tenure | 7.2yrs |
| Board average tenure | 21.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$178m |
| Dec 31 2024 | US$3m | US$1m | 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$139m |
Compensation vs Market: Bill's total compensation ($USD2.57M) is about average for companies of similar size in the German market ($USD2.38M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.
CEO
Bill Foster (68 yo)
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 | 27.3yrs | US$3.02m | 0.58% € 12.8m | |
| CEO, President & Director | 2.4yrs | US$2.57m | 0.069% € 1.5m | |
| Senior Executive VP & CFO | 7.2yrs | US$1.68m | 0.082% € 1.8m | |
| President & Regional Banking Director for Virginia and Northeastern North Carolina | 6.6yrs | US$1.30m | 0.068% € 1.5m | |
| Director and President & CEO of TowneBank Financial Services Group | 8.9yrs | US$1.60m | 0.23% € 5.1m | |
| Senior Executive VP & COO | 2.3yrs | no data | 0.031% € 694.4k | |
| Senior EVP & Chief Accounting Officer | 7yrs | no data | 0.0077% € 169.2k | |
| Senior Executive VP & Chief Information Officer | 8.9yrs | no data | 0.019% € 417.6k | |
| Senior Executive VP & Chief Legal Officer | 8.6yrs | no data | 0.028% € 624.4k | |
| 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 Executive VP & Chief Credit Officer | 13.8yrs | no data | 0.050% € 1.1m |
Experienced Management: 3T8's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 27.3yrs | US$3.02m | 0.58% € 12.8m | |
| CEO, President & Director | 20yrs | US$2.57m | 0.069% € 1.5m | |
| Director and President & CEO of TowneBank Financial Services Group | 8.9yrs | US$1.60m | 0.23% € 5.1m | |
| Advisor & Director Emeritus | no data | no data | no data | |
| Advisor & Director Emeritus | no data | US$158.02k | no data | |
| Chairman of TowneBank Peninsula | no data | US$53.21k | no data | |
| Independent Director | 21.2yrs | US$133.50k | 0.13% € 2.9m | |
| Independent Vice Chairman of the Board | 8.9yrs | US$105.02k | 0.17% € 3.7m | |
| Independent Director | 24.6yrs | US$90.02k | 0.12% € 2.7m | |
| Independent Director | 26.3yrs | US$98.52k | 0.031% € 675.6k | |
| Lead Independent Director | 26.3yrs | US$104.52k | 0.28% € 6.1m | |
| Independent Director | 9.9yrs | US$128.50k | 0.083% € 1.8m |
Experienced Board: 3T8's board of directors are seasoned and experienced ( 21.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/23 02:55 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| 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
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Analyst Sources
TowneBank is covered by 10 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 |
| Christopher McGratty | Keefe, Bruyette, & Woods |