FNFG » Topics » Competitive Positioning

This excerpt taken from the FNFG DEF 14A filed Apr 11, 2007.

Competitive Positioning

 

In determining the amount of executive compensation , the Compensation Committee utilizes a compensation consultant and annually reviews competitive market data from the banking industry as a whole and for a specified peer group of financial services companies (collectively, the “Peer Group”). The Peer Group is comprised of 19 publicly traded banks and thrifts which meet the following financial criteria:

 

total assets ranging from $5 to $12 billion,

 

target of 1-4 family loans between 25% - 50% of total loans,

 

commercial loans greater than 10% of total loans, and

 

ratio of total borrowings to total assets of less than 30%.

 

We utilize the Peer Group combined with marketplace data to benchmark executive compensation practices and to establish levels of base salary, annual incentives, long-term incentives and benefits.

 

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