Mahopac National’s Romaine takes over at Tompkins Trustco Jan. 1
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- December
- 26
Stephen S. Romaine, president, chief executive officer and director of Mahopac National Bank, will be paid a base salary of $325,000 in fiscal 2007 when he takes over as president and CEO of the bank’s parent company, Tompkins Trustco Inc. of Ithaca, N.Y., on Jan. 1, according to a regulatory filing.
Romaine, 42, will take over from President James W. Fulmer and retiring CEO James J. Byrnes. Byrnes, also a director of Mahopac National Bank, will remain chairman of Tompkins Trustco and will be paid $50,000 annually.
Byrnes also will receive a company-owned car for business and personal use and will receive 75 percent of the cost of certain club dues.
Fulmer will serve as vice chairman of Tompkins Trustco.
Gerald J. Klein Jr. will succeed Romaine as president and CEO at Mahopac National. Klein is the bank’s executive vice president for lending and credit; he joined the bank in 1995.
This entry was posted
on Tuesday, December 26th, 2006 at 2:09 pm by Jerry Gleeson.
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