Loopholes Evident In Pay To Tenn. Bank Executives

NASHVILLE, Tenn. (AP) — The Nashville area's largest banks are continuing in some cases to give bonuses, generous severance payments and pay raises to some executives.

The Tennessean reported Sunday that four of the five CEOs of Nashville's five largest banks received no bonus for 2008, though some other executives did get payouts.

For instance, a filing earlier this month with the U.S. Securities and Exchange Commission showed Birmingham, Ala.-based Regions Financial Corp. paid G. Douglas Edwards $8.6 million in severance payments. ...