Overwhelming Majority of Banks Planned Salary Increases in 2012

Chicago, November 5, 2012 — Bank Director opens its 8th annual Bank Executive and Board Compensation conference on Monday, November 5, at the Swissôtel in Chicago. More than 175 bank directors and officers are attending the event, which lasts through Tuesday. Among the key findings from speakers at the event:

Eighty-nine percent of banks planned salary increases in 2012, according to Mike Blanchard, CEO of Blanchard Consulting Group.

Sixty-seven percent of bank executives and board members expect director pay to stay the same, says Jack Milligan, editor of Bank Director, who will share this and other results of Bank Director’s 2012 Compensation Survey, available online at BankDirector.com.

Bank M&A activity will pick up considerably as monetary policies increase pressure on the banking industry, reveals Steven Hovde of Hovde Financial, and while profit margins are compressed, asset quality is improving. Hovde recently explored bank earnings trends for BankDirector.com.

On Friday, November 9, 2012, Al Dominick, managing director and executive vice president of Bank Director, will speak at the Western Independent Bankers’ Annual Director Conference on board compensation trends. He will address compensation challenges seen by bank boards – chief of which are tying compensation to performance, retaining talent, succession planning, and regulatory compliance. “Director compensation continues to attract scrutiny from many, but for so many bank executives and board members, the last few years have been a challenge both to survive and serve our communities’ interests,” says Dominick. “Board members are working harder than ever.”

About Bank Director

Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Bank Director hosts a variety of conferences and director-training programs throughout the year designed to increase the effectiveness of directors, focusing on topics like growth strategy, compensation, lending, M&A, and risk. In addition to events, Bank Director reaches the leaders of the institutions that comprise America’s $11 trillion banking industry through its quarterly magazine, executive-level research, and its website, BankDirector.com. Bank Director is published by DirectorCorps, and headquartered in Brentwood, Tennessee.

Contact: Emily McCormick, (615) 777-8450, [email protected]