The estimated Net Worth of Joe Sr Penland is at least $6.35 Milión dollars as of 5 August 2020. Mr. Penland owns over 7,222 units of CBTX Inc stock worth over $6,308,348 and over the last 7 years he sold CBTX stock worth over $0. In addition, he makes $41,416 as Independent Director at CBTX Inc.
Joe has made over 9 trades of the CBTX Inc stock since 2018, according to the Form 4 filled with the SEC. Most recently he bought 7,222 units of CBTX stock worth $116,780 on 5 August 2020.
The largest trade he's ever made was buying 68,954 units of CBTX Inc stock on 16 March 2020 worth over $1,363,221. On average, Joe trades about 10,843 units every 39 days since 2017. As of 5 August 2020 he still owns at least 215,670 units of CBTX Inc stock.
You can see the complete history of Mr. Penland stock trades at the bottom of the page.
Joe E. Penland Sr serves as Independent Director of the Company. He has served as a director of the Company and the Bank since 2007, and since 2017, he has served on the Company’s Corporate Governance and Nominating Committee and the Company’s Compensation Committee. Mr. Penland founded Quality Mat Company, based in Beaumont, Texas, and served as its President from 1974 until August of 2019, when he assumed the title of Chief Executive Officer. Quality Mat Company is one of the largest mat producers in the world and is one of the oldest companies in the business, with the capabilities of producing everything from logging mats to temporary road matting. Quality Mat Company’s products carry exclusive patents that serve a variety of major industries. Mr. Penland started the Penland Foundation in 2006, a foundation that helps local organizations in his community. Mr. Penland has significant experience serving on both public and private boards of directors for community banks. Prior to joining our board of directors, Mr. Penland served as a director of Texas Regional Bancshares, Inc., a Nasdaq listed bank holding company, from 2004 until its merger with BBVA in 2006, and as a director of Southeast Texas Bancshares, Inc. prior to its acquisition by Texas Regional Bancshares, Inc. Mr. Penland brings key leadership, risk management, operations, strategic planning and oil and gas industry expertise that assists our board of directors in overseeing the Company’s operations in addition to his knowledge of the communities we serve.
As the Independent Director of CBTX Inc, the total compensation of Joe Penland at CBTX Inc is $41,416. There are 9 executives at CBTX Inc getting paid more, with Robert Franklin having the highest compensation of $2,121,630.
Joe Penland is 69, he's been the Independent Director of CBTX Inc since 2007. There are 6 older and 15 younger executives at CBTX Inc. The oldest executive at CBTX Inc is Tommy Lott, 83, who is the Independent Director.
Joe's mailing address filed with the SEC is 9 GREENWAY PLAZA, SUITE 110, , HOUSTON, TX, 77046.
Over the last 7 years, insiders at CBTX Inc have traded over $269,918 worth of CBTX Inc stock and bought 252,939 units worth $5,678,674 . The most active insiders traders include Wayne A Reaud, Joe Sr Penland a Joe B Swinbank. On average, CBTX Inc executives and independent directors trade stock every 56 days with the average trade being worth of $272,054. The most recent stock trade was executed by Joe F West on 23 September 2022, trading 6,407 units of CBTX stock currently worth $72,527.
CBTX, Inc. is the bank holding company for CommunityBank of Texas, N.A., a $3.9 billion asset bank, offering commercial banking solutions to small and mid-sized businesses and professionals in Houston, Dallas, Beaumont and surrounding communities in Texas.
CBTX Inc executives and other stock owners filed with the SEC include: