Billionaire donors Laura and John Arnold support far more in Maryland than police surveillance
Business

First Mariner chief Hale's pay down slightly in 2010

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

Copyright © 2016, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad
81°