Understanding Your Bank’s Change-in-Control Severance Liability

Change-in-control agreements, which provide a severance benefit to the covered executive in the event of an acquisition, are a common issue that must be addressed with in an M&A transaction. But while many bank CEOs and some senior executives have them, it’s not uncommon for boards to lose sight of just how expensive—and potentially troublesome—they can be if the compensation committee hasn’t been paying attention to that individual’s total compensation and benefit package. Here to explain how those problems can arise during an M&A transaction—and how they can be avoided—is Gary R. Bronstein, a partner at the law firm Kilpatrick…

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Jack Milligan


Jack Milligan is editor-at-large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Mr. Milligan directs Bank Director’s editorial coverage and leads its director training efforts. He has a master’s degree in Journalism from The Ohio State University.