Third Coast Bancshares Boosts CFO Severance Package

An update from Third Coast Bancshares (TCBX) is now available.

Third Coast Bank has revised its agreement with CFO R. John McWhorter to enhance his severance package, now offering 2.5 times his annual salary and bonus if he leaves under certain conditions around a company change in control. This move, modifying the original employment terms set in 2020, significantly increases McWhorter’s potential exit compensation, reflecting the bank’s updated valuation of his executive role.

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