Liz Eber
About Liz Eber
Liz Eber, 41, is Executive Vice President and Chief Legal Officer (CLO) of Third Coast Bancshares and Third Coast Bank, promoted effective March 1, 2024; she joined TCBX in January 2023 as Senior Legal Counsel & Chief of Staff and also serves as Corporate Secretary, reporting directly to CEO Bart Caraway . Her core credentials span payments and money movement regulation, privacy, AML/sanctions, banking regulatory examinations, and digital assets (Head Regulatory Counsel for Cryptocurrency, Digital Assets & Web3 at FIS/Worldpay) with prior federal government experience in Washington, D.C. . Company performance context during her tenure includes rising net income and asset growth year-over-year.
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Net Income ($USD) | $33,401,000 | $47,671,000 |
| Total Assets ($USD) | $4,396,074,000 | $4,942,446,000 |
| Revenues ($USD) | $8,205,000* | $10,621,000* |
*Values retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Third Coast Bancshares / Bank | Senior Legal Counsel & Chief of Staff; later CLO | 2023–present | Built in‑house legal and governance; elevated to CLO overseeing legal and communications to support growth and regulatory rigor . |
| FIS / Worldpay | Senior counsel across risk/compliance; Head Regulatory Counsel (Crypto/Digital Assets/Web3); Head Banking Regulatory Counsel | ~7 years prior to 2023 | Led complex payments regulation, privacy, AML/sanctions, and digital asset initiatives; advised enterprise risk/compliance and global sanctions . |
| U.S. Federal Government (Washington, D.C.) | Government legal/regulatory roles | Prior to 2016 | Developed public‑sector regulatory expertise applicable to bank compliance and examinations . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| FIS Global (Fortune 500) | Senior member of Regulatory & Compliance Legal Dept. | Pre‑TCBX tenure | Enterprise‑level governance and regulatory leadership in payments and banking . |
| Worldpay (FIS division) | Head Regulatory Counsel, Digital Assets & Web3 | Pre‑TCBX tenure | Enabled digital asset product initiatives within regulated frameworks . |
Fixed Compensation
- Not disclosed for Eber in the proxy; TCBX, as an Emerging Growth Company, provides detailed compensation only for named executive officers (CEO, CFO, Chief Banking Officer) .
Performance Compensation
- Specific incentive metrics, targets, payouts, and vesting for Eber are not disclosed. Executives are eligible for equity under the 2019 Omnibus Incentive Plan (options, RSUs/PSUs, SARs, cash awards), with terms set by the Compensation Committee; awards can include performance conditions and change‑of‑control protections as described below .
Equity Ownership & Alignment
- Individual beneficial ownership for Eber is not separately reported in the 2025 proxy; directors and executive officers as a group (17 persons) beneficially own 10.28% of shares outstanding as of March 24, 2025 .
- Hedging and short sales are prohibited for directors and executive officers; pledging is restricted and permitted only via pre‑approved exceptions with demonstrated repayment capacity (alignment‑friendly policy) .
- ESOP: The merged 401(k)/ESOP held 115,292 TCBX shares as of December 31, 2024 (some executives have ESOP allocations; Eber’s allocation is not disclosed) .
Employment Terms
- Appointment and scope: Eber was named CLO effective March 1, 2024 and also oversees communications and marketing, reporting to the CEO; she serves as Corporate Secretary (key governance and disclosure role) .
- Stock plan/change‑of‑control: Under the 2019 Plan, any unassumed awards become fully vested and performance goals are deemed at target upon a change‑of‑control; the Committee may accelerate vesting, cash‑out awards, or adjust awards post‑transaction .
- Section 16 compliance: No late Section 16 filings were reported for Eber in 2024; the proxy notes late filings only for two other executives (Peacock and Bobbora) due to administrative oversight .
Investment Implications
- Alignment: Company‑wide prohibitions on hedging/shorting and tight pledging controls support alignment and mitigate downside‑protection behavior by insiders . Lack of disclosed personal pledging/hedging for Eber lowers alignment risk.
- Retention risk: As a relatively recent internal promotion (CLO in 2024 after joining in 2023), Eber’s advancement and direct report line to the CEO signal high organizational reliance and likely strong retention incentives; however, absence of disclosed employment agreement/severance specifics for her limits visibility into protection terms .
- Trading signals/insider pressure: No Eber‑specific Form 4 activity is surfaced in available filings; with equity award and vesting specifics undisclosed, near‑term selling pressure indicators cannot be assessed from public documents .
- Execution: Deep payments/privacy/AML/sanctions and digital‑asset regulatory expertise is strategically useful for bank risk management and product compliance, supporting value creation through governance quality and regulatory resilience . Rising net income and asset base provide constructive backdrop during her tenure, though pay‑for‑performance linkages for the CLO role are not disclosed .