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Wells Fargo's Scharf unseats Jamie Dimon as highest-paid US bank CEO in 2019

Charles Scharf, Wells Fargo & Co.'s CEO since Oct. 21, 2019, became the industry's highest-paid CEO last year, bringing in $36.4 million in total compensation. Jamie Dimon, CEO of the largest U.S. bank by assets, JPMorgan Chase & Co., and the highest-paid CEO in 2018, 2017 and 2016, raked in $31.6 million in 2019.

Daryl Byrd , the former CEO of Lafayette, La.-based IBERIABANK Corp., received $10.1 million in compensation in 2019, nearly double his 2018 compensation, making him the ninth-highest paid CEO in the industry. On July 1, IBERIABANK merged with First Horizon National Corp., and Byrd is now First Horizon's executive chairman of the board.

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William Demchak, CEO of PNC Financial Services Group Inc., made $15.3 million in 2019, the fifth-largest compensation package in the industry and the largest for any bank between $50 billion and $500 billion in assets. Over half of his compensation consisted of stock awards.

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At $7.4 million in compensation, Pasadena, Calif.-based East West Bancorp Inc.'s Dominic Ng was the second-highest paid CEO among banks between $10 billion and $50 billion in assets after IBERIABANK's Daryl Byrd.

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Fair Lawn, N.J.-based Columbia Financial Inc. (MHC)'s CEO, Thomas Kemly, led banks between $1 billion and $10 billion in assets with $8.8 million in total compensation. Columbia converted to a mutual holding company structure and began publicly trading in April 2018.

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Jericho, N.Y.-based Esquire Financial Holdings Inc.'s Andrew Sagliocca was the highest-paid CEO for banks and thrifts with less than $1 billion in assets with $1.9 million in total compensation.

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