And just like that, Kenneth Feinberg has made his job 20 times bigger. The White House's pay czar said Tuesday he will review the compensation of top executives of the more than 400 institutions that received TARP funding in late 2008 and early 2009.
That group contains local heavyweights Pinnacle Financial Partners (Dec. 12, 2008) and Tennessee Commerce (Dec. 19) as well as regional players First Horizon (Nov. 14) and Green Bankshares (Dec. 23). They and a handful of smaller community banks will all have to fork over detailed info for officers who made at least $500,000. And while the semi-official word is that the expanded probe will focus on large lenders, you couldn't fault execs at area institutions for breaking a bit of a sweat.