Summer Sale! Get unlimited digital access for 13 weeks for $13.
Business
Business

Top First Mariner executive earned $495,362 last year

Compensation for First Mariner Bancorp's top executive reached $495,362 last year, about double from a year ago thanks to a bonus, according to a company filing with the Securities and Exchange Commission.

Mark A. Keidel, president, chief operating officer and interim CEO of the Baltimore-based bank holding company, earned a base salary of $235,000, a bonus of $251,340 and other compensation of $9,022 in 2012, according to regulatory filings. His total compensation the year before was $244,436.

Keidel joined First Mariner in 2000 as an executive vice president and chief financial officer. In December 2011, he became interim CEO, replacing founder Edwin F. Hale Sr., who stepped down as part of a deal with a New York investment firm that planned to inject millions into the struggling company on certain conditions. First Mariner last year dropped out of that agreement.

Keidel's salary for this year been raised to $300,000, the company reported.

Copyright © 2015, The Baltimore Sun
Related Content
  • First Mariner corrects preliminary earnings report

    First Mariner corrects preliminary earnings report

    Baltimore banking company reduces non-interest income

  • Baltimore People on the Move archive

    Baltimore People on the Move archive

    Readers submit photos and information on employees who have recently been promoted, hired or honored at area businesses. Select photos will be published in the Maryland Business section of Tuesday editions of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature....

  • Health Professionals on the Move archive

    Health Professionals on the Move archive

    Readers submit photos and information on medical professionals who have recently been promoted, hired or honored. Select photos will be published in the Health and Medicine section of Sunday's edition of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature. Submit...

  • Jobs in Health

    Jobs in Health

    Learn about the wide variety of careers in the health-care field in the words of local professionals. Also see the latest hirings and promotions at Health Professionals on the Move.

  • AOL to acquire Millennial Media for $250 million

    AOL to acquire Millennial Media for $250 million

    AOL said Thursday morning it plans to buy Baltimore mobile advertising company Millennial Media for about $250 million in a deal that would create a single hub for the industry known as "ad tech" here.

  • Crown Cork & Seal to close Essex plant, lay off 47

    Crown Cork & Seal to close Essex plant, lay off 47

    One of the last vestiges of a global can manufacturing firm founded in Baltimore more than 100 years ago plans to end operations in Essex, laying off 47 workers.

Comments
Loading
90°