Altabancorp (ALTA)

43.22 -0.27 (-0.62%) At close: 4:00PM EDT

Altabancorp

1 East Main Street
American Fork, UT 84003
United States
801 642 3998
http://www.altabancorp.com

Sector(s): Financial Services
Industry: Banks—Regional
Full Time Employees: 471

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Len E. Williams	Pres, CEO & Director	765.87k	N/A	1959
Mr. Mark K. Olson	Exec. VP & CFO	450.44k	N/A	1964
Mr. Judd P. Kirkham	Exec. VP & Chief Credit Officer	N/A	N/A	1974
Mr. Judd J. Austin	Exec. VP & Chief Banking Officer of Altabank	N/A	N/A	1982
Ms. Christine Maebelle Linford	Sr. VP & Chief People Officer of Altabank	N/A	N/A	1975
Mr. Ryan Howard Jones	Exec. VP & Chief Lending Officer of Altabank	N/A	N/A	1979
Ms. Adelaide Maudsley	Corp. Sec.	N/A	N/A	N/A

Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Altabancorp operates as the bank holding company for Altabank, a state-chartered bank that provides retail and commercial banking products and services. The company accepts checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit. It also offers commercial real estate, residential mortgage, commercial and industrial, home equity and improvement, automobile, debt consolidation, general consumer, and small business association loans, as well as construction, acquisition, and development loans; and credit and debit cards. In addition, the company provides investment securities, such as the U.S. Agency issues, mortgage-backed securities, and municipal bonds; and online and mobile banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's check, money order, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 25 retail branches located in Utah, Salt Lake, Davis, Cache, Box Elder, and Washington Counties in Utah and in Preston, Idaho. The company was formerly known as People's Utah Bancorp and changed its name to Altabancorp in July 2020. Altabancorp was founded in 1905 and is headquartered in American Fork, Utah.

Corporate Governance

Altabancorp’s ISS Governance QualityScore as of April 1, 2021 is 5. The pillar scores are Audit: 6; Board: 8; Shareholder Rights: 2; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.