Catalyst Bank Extends CEO Joseph B. Zanco Contract 3 Years Through 2029
Updated
Updated · TradingView · Aug 18
Catalyst Bank Extends CEO Joseph B. Zanco Contract 3 Years Through 2029
3 articles · Updated · TradingView · Aug 18
Summary
Catalyst Bank signed a new three-year employment agreement with President and CEO Joseph B. Zanco, effective Aug. 17 and running through Aug. 17, 2029.
The deal replaces Zanco's prior contract as it expired, keeping him in the bank's top executive role without any disclosed leadership changes.
Zanco's new agreement sets a $350,000 base salary and keeps him eligible for the maximum stock allocations, currently 25% of the relevant pools.
It also provides $500,000 in additional life insurance and preserves a $750,000 supplemental benefit that vests over 15 years under the prior agreement.