Steele Bancorp sets new supplemental retirement plan for executive Todd Troxell at 45,600 a year
STLE•Supplemental retirement agreement and benefit updates
Steele Bancorp’s Central Penn Bank & Trust signed a new supplemental executive retirement agreement with J. Todd Troxell on Aug. 28, 2026.
Troxell’s normal retirement benefit was set at $45,600 a year, paid monthly over 15 years starting after age 65.
Amendments also lifted normal retirement benefits for CEO Jeffrey J. Kapsar to $157,000 from $114,000.
CFO Thomas C. Graver Jr.’s benefit increased to $117,000 from $71,000; COO Thomas L. Eberhart’s to $79,000 from $55,000.
The changes also reset early termination, disability, death and change-in-control benefits, tied to updated vesting schedules.
