By Hanah Cho, The Baltimore Sun
5:38 PM EDT, April 8, 2011
First Mariner Bancorp Chairman and Chief Executive Edwin F. Hale Sr.'s compensation dipped slightly to $542,825 in 2010, the namesake bank holding company said Friday.
Hale's base salary remained unchanged at $522,000. He and other executives did not receive a bonus or any equity awards last year, according to documents filed with the Securities and Exchange Commission.
Hale's other compensation of $20,825 included auto allowance, life insurance benefits, long-term care insurance and security.
Hale received $544,847 in 2009. First Mariner's auditors recently raised doubts about its ability to stay in business. The bank has been under federal regulatory orders to raise capital since 2009.
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