Northpointe Bancshares Names Joseph Long EVP/COO & Chief Credit Officer

What Happened

• Northpointe Bancshares Inc. (and Northpointe Bank) announced on August 28, 2026 that Joseph (JB) Long will join the company as Executive Vice President, Chief Operating Officer and Chief Credit Officer, with the roles transitioning to him effective September 14, 2026. Kevin Comps will continue to serve as President. The hire follows the company’s 2025 IPO and is presented as a move to strengthen leadership.

Key Details

• Start date: September 14, 2026.
• Base salary: $333,000 annually (subject to Compensation Committee discretion).
• Annual incentive: Target cash bonus of 100% of base salary, paid based on performance goals.
• Employment term: Initial 3‑year term with automatic one‑year renewals unless 90 days’ notice is given.
• Severance (no cause or resignation for good reason): 18 months of installment payments equal to 1× (base salary + the greater of target bonus or the 3‑year average bonus), prorated bonus for year of termination, and COBRA health premium payment for 18 months (all conditioned on signing a release).
• Severance after change in control (within 12 months): Lump sum of 2× (base salary + the greater of target bonus or 3‑year average bonus), prorated bonus, and 18 months COBRA benefit (conditioned on signing a release).
• Other: Participation in long‑term equity plan; 12‑month confidentiality, non‑compete and non‑solicit covenants post‑termination. No related‑party or family relationships disclosed.

Why It Matters

• This is a material executive appointment that centralizes operating and credit leadership under a seasoned mortgage and banking executive, signaling management’s focus on operations, credit oversight and growth post‑IPO.
• The employment agreement includes significant severance protections (including enhanced change‑in‑control pay), which are commitments that could affect future cash or equity expense if triggered.
• For investors, the change clarifies succession of COO/Chief Credit Officer duties and highlights management’s priorities, but the filing does not indicate changes to financial results or near‑term guidance.