2 Minnesota execs in top 10 of nation's highest-paid bank CEOs


A Twin Cities bank executive has joined an elite club – a "top 10" list of the highest-paid bank CEOs in the country.

With a total compensation of nearly $13 million for the fiscal year 2014, William Cooper, head of Wayzata-based TCF National Bank, ranks no. 10 on the new ranking, released by SNL Financial this week. He was not in last year's top 10.

The survey shows Cooper's base salary is $1.5 million, while stock options, pension value and other forms of compensation account for the rest.

According to his LinkedIn profile, Cooper is a 1967 graduate of Wayne State University in Michigan and has been with TCF for 30 years.

He joins another Twin Cities banking boss on SNL's most recent list – Richard Davis, CEO of Minneapolis-based U.S. Bancorp, who occupies fourth place – up from 10th the year prior.

His compensation in 2014 added up to $19,373,076, a 79 percent increase from the year before, according to the Minneapolis / St. Paul Business Journal.

But the two execs aren't the only ones in the ranking representing Minnesota in some form – the Business Journal says John Stumpf, the Wells Fargo CEO who came in second place, is himself a Minnesota native.

Stumpf earned his bachelor's degree from St. Cloud State University and his MBA from the University of Minnesota, according to his official biography.

In 2013, the Los Angeles Times reported he was the highest-paid U.S. banking executive with a compensation package totaling nearly $22.9 million.

SNL's new ranking shows that slipped to about $21.4 million in 2014.

He was surpassed by JPMorgan Chase & Co. CEO Jamie Dimon, whose $27.7 million compensation package put him in first place.

SNL notes the ranking only includes companies that disclosed compensation in publicly filed proxy statements.

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