Updated:
Original:

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

Author:

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.

Next Up

Anthony Edwards

Timberwolves smash Rockets in season opener

The Timberwolves showed they have plenty of firepower in a victory over Houston.

Knuth - Nezhad - side by side

Frey challengers Knuth, Nezhad agree to rank each other 2nd

They're urging supporters to do the same on Nov. 2.

Jerome Horton - Sherburne Co. Jail - CROP

Charges: Man lied to buy gun later used by St. Paul mass shooting suspect

He's accused of making false statements during the purchase of a firearm.

Screen Shot 2021-06-04 at 6.30.24 AM

BCA releases investigative file in Winston Smith's shooting death

The file contains 1,000 pages of documents, hundreds of photos and dozens of audio files.

Slice

Fire at Mpls. pizza joint weeks after opening, owners suspect arson

The owners arrived at work Tuesday to find the building on fire.

vaccine, covid

New COVID charts show hospitalization, death rates based on vaccine status

The unvaccinated are far more likely than the fully vaccinated to become hospitalized or die.

Flickr - Superior National Forest Boundary Waters

White House begins process to ban new mining near BWCAW

The stated goal is to protect the "unique natural wonder" of the BWCAW.

Autumn Merrick, Autumn Rose Merrick

Man charged in shootout, crash that killed 18-year-old on scooter

Autumn Rose Merrick was with a friend near the Holiday gas station.

Related