Anthony T. Powell
About Anthony T. Powell
Anthony T. Powell is Executive Vice President and Chief Credit Officer of Republic Bank & Trust Company as of December 31, 2024; age 57. He joined Republic in 1999, progressing through senior lending and business banking roles, was named EVP and Chief Lending Officer in January 2017, and is disclosed as EVP, Chief Credit Officer in the 2025 proxy . Republic’s executive pay design emphasizes company gross operating profit (GOP) for annual incentives and, for NEO PSU awards, ROAA and efficiency ratio quartile outcomes versus peers; stock price/TSR is not used in annual bonus evaluation due to thin trading, but company pay-versus-performance shows a 2024 $100 shareholder return value of 173.98 alongside net income of $101.4 million .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Republic Bank & Trust Company | Vice President | 1999–2001 | Early leadership in lending; foundation for senior credit roles |
| Republic Bank & Trust Company | SVP, Senior Commercial Lending Officer | 2001–2005 | Led commercial lending growth and portfolio oversight |
| Republic Bank & Trust Company | SVP, Managing Director of Business Lending | 2005–2015 | Managed business lending; expanded credit origination capabilities |
| Republic Bank & Trust Company | SVP, Chief Credit & Retail Officer | 2015–2017 | Assumed responsibility for Retail Banking; integrated credit and retail operations |
| Republic Bank & Trust Company | EVP, Chief Lending Officer | 2017–2024 | Senior oversight of lending strategy and risk across portfolios |
| Republic Bank & Trust Company | EVP, Chief Credit Officer | 2024–present | Enterprise credit leadership; executive officer as of Dec 31, 2024 |
External Roles
- No external directorships or public company board roles for Powell are disclosed in the 2025 proxy .
Fixed Compensation
- Powell is disclosed as an Executive Officer but is not a Named Executive Officer (NEO); as a result, his base salary, target bonus %, and actual bonuses are not presented in the Summary Compensation Table, which covers Chair/CEO, Bank CEO, CFO, Pres/RPG, and CIOO .
Performance Compensation
- Annual Bonus Program mechanics: Incentive compensation for NEOs is primarily based on budget goals and individual performance, with GOP (defined as GAAP pre-tax income) as the central metric; stock performance is explicitly excluded due to thin trading and potential price volatility unrelated to management performance .
- Long-term performance equity for NEOs: PSUs vest based on ROAA and efficiency ratio outcomes versus a peer group, with shares required to be held for two years post-vesting; 2024 actuals (ROAA 1.47%, Efficiency Ratio 52.68%) produced targeted share payouts for NEOs, and 2025 LTIP awards were granted to the Bank CEO, CFO, Pres/RPG, and CIOO (Powell is not named among those NEO award recipients) .
Equity Ownership & Alignment
- Beneficial ownership: The proxy provides detailed beneficial ownership for Directors, NEOs, and 5% holders; Powell is not listed among NEOs, and no individual share ownership for him is disclosed .
- Section 16 compliance: The company reports timely Section 16(a) filings for executive officers and directors, except for three named individuals; Powell is not among those exceptions .
- Policies:
- Anti-hedging policy prohibits hedging transactions (e.g., collars, swaps) for all employees and directors, including executive officers .
- Clawback: Incentive-based compensation tied to financial reporting measures is subject to recovery upon certain accounting restatements, per NASDAQ/SEC rules .
- Stock ownership guidelines apply to certain NEOs (CEO/Bank, CFO, Pres/RPG, CIOO); Powell is not listed among covered roles in the proxy .
Employment Terms
- Change-in-control and severance: The company maintains Change in Control Severance Agreements for NEOs with non-compete (two years), non-solicitation, and confidentiality covenants; Powell’s individual CIC/severance terms are not disclosed .
- Equity award treatment under the 2025 Stock Incentive Plan: Upon a change in control, options/SARs become fully exercisable, restrictions on stock awards lapse, and units/dividend equivalents vest at target or higher per committee determination; awards remain subject to company clawback policies .
Investment Implications
- Alignment and selling pressure: Powell is not a NEO and is not listed among recipients of 2025 LTIP awards, limiting visibility into his equity grant cadence and potential vesting-related selling pressure relative to NEOs; the anti-hedging and clawback frameworks are alignment positives .
- Retention risk: With >25 years at Republic and a progression to enterprise credit leadership, disclosed tenure suggests low near-term transition risk; however, absence of individual severance/CIC and ownership disclosures constrains assessment of retention economics and skin-in-the-game .
- Pay-for-performance signals: Company incentive design prioritizes GOP and operating metrics (ROAA, efficiency) over stock price, emphasizing durable earnings and efficiency; this supports conservative risk oversight consistent with Powell’s credit role, but individual metric weightings/payouts for Powell are not disclosed .