Orange County Bancorp Management
Management criteria checks 2/4
Orange County Bancorp's CEO is Mike Gilfeather, appointed in Apr 2014, has a tenure of 10.08 years. total yearly compensation is $1.63M, comprised of 39.8% salary and 60.2% bonuses, including company stock and options. directly owns 0.76% of the company’s shares, worth $1.86M. The average tenure of the management team and the board of directors is 1.3 years and 6.6 years respectively.
Key information
Mike Gilfeather
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 39.8% |
| CEO tenure | 10.1yrs |
| CEO ownership | 0.8% |
| Management average tenure | 1.3yrs |
| Board average tenure | 6.6yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$650k | US$29m |
| Sep 30 2023 | n/a | n/a | US$30m |
| Jun 30 2023 | n/a | n/a | US$29m |
| Mar 31 2023 | n/a | n/a | US$22m |
| Dec 31 2022 | US$1m | US$525k | US$24m |
| Sep 30 2022 | n/a | n/a | US$21m |
| Jun 30 2022 | n/a | n/a | US$19m |
| Mar 31 2022 | n/a | n/a | US$22m |
| Dec 31 2021 | US$971k | US$440k | US$21m |
| Sep 30 2021 | n/a | n/a | US$19m |
| Jun 30 2021 | n/a | n/a | US$17m |
| Mar 31 2021 | n/a | n/a | US$14m |
| Dec 31 2020 | US$892k | US$440k | US$12m |
Compensation vs Market: Mike's total compensation ($USD1.63M) is about average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
CEO
Mike Gilfeather (65 yo)
10.1yrs
Tenure
US$1,633,893
Compensation
Mr. Michael J. Gilfeather, also known as Mike, has been Chief Executive Officer and President of Orange Bank & Trust Company since April 7, 2014 and its Director since 2014. Mr. Gilfeather served as the Ch...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.1yrs | US$1.63m | 0.76% $ 1.9m | |
| Executive VP & Regional President of Westchester County | no data | US$717.28k | 0.18% $ 445.1k | |
| Executive VP & Deputy Chief Lending Officer | 5.2yrs | US$633.08k | 0.047% $ 115.9k | |
| Executive VP & CFO | 1.2yrs | no data | 0.031% $ 76.7k | |
| Senior VP & COO | no data | no data | 0.014% $ 33.7k | |
| Senior VP & Chief Information Officer | less than a year | no data | no data | |
| VP, Senior Compliance Officer & Corporate Secretary | no data | no data | no data | |
| Senior VP & Chief Human Resource Officer | 1.3yrs | no data | no data | |
| Senior VP & Chief Risk Officer | 1.2yrs | no data | 0.011% $ 27.6k | |
| Senior VP & Director of Wealth Services | 2.2yrs | no data | 0.016% $ 39.8k | |
| Senior VP & Director of Cash Management | no data | no data | no data | |
| Senior VP & Senior Trust Officer | no data | no data | no data |
1.3yrs
Average Tenure
52yo
Average Age
Experienced Management: OBT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.3yrs | US$1.63m | 0.76% $ 1.9m | |
| Independent Director | 6.9yrs | US$98.83k | 1.52% $ 3.7m | |
| Independent Director | 1.7yrs | US$93.25k | 0.026% $ 62.9k | |
| Director | 6.3yrs | no data | 0.042% $ 101.7k | |
| Independent Director | 17.3yrs | US$93.25k | 0.33% $ 818.9k | |
| Independent Director | 17.3yrs | US$159.97k | 1.07% $ 2.6m | |
| Independent Board Chair | 6.3yrs | US$137.47k | 0.042% $ 103.3k | |
| Independent Director | less than a year | US$17.99k | no data | |
| Independent Director | 17.3yrs | US$110.71k | 0.93% $ 2.3m | |
| Independent Director | no data | US$120.17k | 4.81% $ 11.8m | |
| Independent Director | 2.3yrs | US$86.08k | 0.29% $ 707.7k |
6.6yrs
Average Tenure
65yo
Average Age
Experienced Board: OBT's board of directors are considered experienced (6.6 years average tenure).