www.baltimoresun.com/business/bs-bz-first-mariner-proxy-20110408,0,7948422.story

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First Mariner chief Hale's pay down slightly in 2010

By Hanah Cho, The Baltimore Sun

5:38 PM EDT, April 8, 2011

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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.

Hanah.cho@baltsun.com

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