New Jersey

New Jersey Executive is Highest Paid U.S. Bank CEO

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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