About
Richard D. Callicutt, II has served as Chairman of the Carolinas and Virginia for Pinnacle Financial Partners and Pinnacle Bank since June 2017, when the company acquired BNC Bancorp. He was employed by Bank of North Carolina from 1991 and served as president and chief executive officer of BNC from June 2013 until the merger, bringing more than 30 years of banking experience. He is a trustee of High Point University and a board member of the North Carolina Chamber of Commerce.
Roles
Pinnacle Financial Partners, Inc.
Chairman of the Carolinas and Virginia & Director · Current role
Jun 2017–present
BNC Bancorp / Bank of North Carolina
President & Chief Executive Officer
Jun 2013–Jun 2017
Bank of North Carolina
Various roles
1991–Jun 2017
Bank of North Carolina
Senior lender, then compliance officer, chief credit officer and chief operating officer · Prior to becoming president and CEO of BNC in June 2013
1991–2013
External Roles
BNC Bancorp
Director
2003–Jun 2017
Fixed Compensation
FY 2024Base salary
$797,000
All other compensation
$42,379
DetailCompany match and Board-authorized personal aircraft use (up to $25,000)
Salary Continuation AgreementAssumed from BNC; $325,000 annual benefit began Feb 2024, increasing 1.5%/yr for life
Total compensation
$2,791,879
Performance Compensation
Data from FY 2024Cash incentive
Annual cash incentive (AIP)
$624,848
Target Opportunity
80% of base salary
Actual payout79% (98% of target)
Stock awards
Stock awards (grant-date fair value)
$1,327,652
2024 PSUs$943,611
2024 RSUs$384,041
Also at Pinnacle Financial Partners, Inc.
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