Byline: CLAIRE HUGHES Business writer
When a publicly traded bank is sold, shareholders with large stakes can profit handsomely.
Among the big winners in a bank merger are the executives and directors of the bank being sold.
Consider, for instance, what the presidents of three Capital Region banks could make in the sales of their companies, assuming the deals closed Friday, Aug. 21, and affected only the stock they owned as of each company's last annual meeting. The chief executives also have options for additional stock, but those were not included in the following estimates because some options must be purchased at specified times for a specified …
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