First Mariner chief Hale's pay down slightly in 2010

April 08, 2011|By Hanah Cho, The Baltimore Sun

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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