FFIN » Topics » Compensation Committee Interlocks and Insider Participation

This excerpt taken from the FFIN DEF 14A filed Mar 14, 2008.
Compensation Committee Interlocks and Insider Participation
 
No person who served as a member of the compensation committee was, during 2007, an officer or employee of us or any of our subsidiaries, or had any relationship requiring disclosure in this proxy statement. However, each of the compensation committee members (or related entities) maintained loans from subsidiaries during 2007. The loans were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions on an arms-length basis and did not involve more than the normal risk of collectibility or present other unfavorable features to the subsidiary bank. None of our executive officers served as a member of the compensation committee (or other board committee performing equivalent functions or, in the absence of any such committee, the entire board of directors) or director of another entity, one of whose executive officers served as a member of our board of directors.


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