The nation’s highest paid bank CEO does not work for one of the big four or even one of the 25 largest. Just becoming a familiar name to local bankers due to three recent deals, Kevin Cummings topped the new list of 2015 bank CEO pay.
Cummings, an executive with Investors Bancorp (NASDAQ: ISBC) earned $20 million last year, including $16.7 million in stock awards and options — a 620 percent increase from his 2014 compensation, according to S&P Global Market Intelligence analysis of total compensation at public U.S. banks and thrifts.
Investors is a $22 billion-asset bank in Short Hills, New Jersey.
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