Southern States Bancshares CEO Stephen Whatley's 2023 pay rises 19% to $2.2M
Southern States Bancshares reports 2023 executive compensation
By ExecPay News
Published: March 22, 2024
Southern States Bancshares reported fiscal year 2023 executive compensation information on March 22, 2024.
In 2023, four executives at Southern States Bancshares received on average a compensation package of $1.1M, a 20% decrease compared to previous year.
Average pay of disclosed executives at Southern States Bancshares
Stephen W. Whatley, Chief Executive Officer, received $2.2M in total, which increased by 19% compared to 2022.
Mark A. Chambers, President and Director, received a compensation package of $944K, which decreased by 34% compared to previous year. 50% of the compensation package, or $470K, was in salary.
Lynn J. Joyce, Chief Financial Officer, earned $691K in 2023, a 43% decrease compared to previous year.
Greg B. Smith, Senior Executive Vice President and Chief Risk Officer, received $685K in 2023, which decreases by 43% compared to 2022.
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Source: SEC filing on March 22, 2024.