Colony Bankcorp CEO T Fountain's 2019 pay jumps 67% to $384K
Colony Bankcorp reports 2019 executive compensation
By ExecPay News
Published: April 23, 2020
Colony Bankcorp reported fiscal year 2019 executive compensation information on April 23, 2020.
In 2019, four executives at Colony Bankcorp received on average a compensation package of $259K, a 23% increase compared to previous year.
Average pay of disclosed executives at Colony Bankcorp
T. Heath Fountain, Chief Executive Officer, received $384K in total, which increased by 67% compared to 2018. 78% of Fountain's compensation, or $301K, was in salary. Fountain also received $51K in bonus and $32K in other compensation.
For fiscal year 2019, the median employee pay was $38,162 at Colony Bankcorp. Therefore, the ratio of T. Heath Fountain's pay to the median employee pay was 10 to one.
Terry L. Hester, Chief Financial Officer, received a compensation package of $239K, which decreased by 6% compared to previous year. 90% of the compensation package, or $215K, was in salary.
M. Eddie Hoyle, Jr, Executive Vice President and Chief Banking Officer, earned $214K in 2019, a 16% increase compared to previous year.
J. Stan Cook, Executive Vice President and Chief Credit Officer, received $197K in 2019, which increases by 14% compared to 2018.
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Source: SEC filing on April 23, 2020.