Key to the success of any financial institution is assembling and maintaining the right executive team and Board of Directors to lead the organization. Compensation programs that are market competitive and performance-focused, while also being shareholder-sensitive, are a critical element of bank success. Our consultants frequently assist clients by conducting Executive Compensation Audits in which we examine the market competitiveness of actual compensation and the effectiveness of the policies, programs, and structures that guide pay decisions.
Our audits also assist senior management and the board in determining the degree to which the current structures and programs are consistent with industry practices, supportive of the strategic intent of the organization, and justified by the bank’s performance. Further, our consultants provide the full range of compensation program design, including salary administration, annual and long-term incentive programs, and supplemental benefits as well as compensation programs for outside Directors.
An effective compensation package must retain key personnel and top performers and reward for the successes obtained by the individual and the organization. Just as business strategy drives compensation strategy, compensation strategy must ensure that success for the corporation and its shareholders results in competitive rewards for its executive leadership.
Silverton Bank, N.A. is a national banking association primarily regulated by the Office of the Comptroller of the Currency. Deposit accounts are Federal Deposit Insurance Corporation (FDIC) insured.
© 2009 Silverton Financial Services, Inc. All rights reserved.
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