Save 75% - Only $49.99 for 1 full year! digitalPLUS subscription offer ends 12/1
Business

First Mariner chief Hale's pay down slightly in 2010

First Mariner BancorpEd Hale

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

  • Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
  • Copyright © 2014, The Baltimore Sun
    Related Content
    First Mariner BancorpEd Hale
    Comments
    Loading