Base Salary Agreement for Named Executive Officers (Swanigan, Stanley, Hawkins)

Summary

This document outlines the base salaries for three executive officers of the company: Darrell G. Swanigan (President and CEO), James R. A. Stanley, Jr. (Executive Vice President and Senior Loan Officer), and Keith B. Hawkins (Executive Vice President and Commercial Loan Officer). It specifies each officer's title, salary amount, and the effective date for each salary. The agreement sets the terms for their annual compensation as of the stated dates.

EX-10.2 3 dex102.htm BASE SALARY FOR NAMED EXECUTIVE OFFICER Base Salary for Named Executive Officer

Exhibit 10.2

BASE SALARY FOR NAMED EXECUTIVE OFFICER

The Company’s named Executive Officers include Darrell G. Swanigan, President and Chief Executive Officer; James R. A. Stanley, Jr., Executive Vice President and Senior Loan Officer; and Keith B. Hawkins, Executive Vice President and Commercial Loan Officer. Salary information for each Executive Officer is contained in the table below:

 

Name

  

Title

  

Salary

  

Effective Date

Darrell G. Swanigan    President and Chief Executive Officer    $ 162,000    January 1, 2008
James R. A. Stanley, Jr.    Executive Vice President and Senior Loan Officer    $ 135,000    April 1, 2008
Keith B. Hawkins    Executive Vice President and Commercial Loan Officer    $ 135,000    January 1, 2008

 

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