Bancorp CEO Betsy Cohen's 2008 pay falls 68% to $644K
Bancorp reports 2008 executive compensation
By ExecPay News
Published: April 30, 2009
Bancorp reported fiscal year 2008 executive compensation information on April 30, 2009.
In 2008, six Bancorp executives received on average a compensation package of $352K, a 15% decrease compared to previous year.
Average pay of disclosed executives at Bancorp
Betsy Z. Cohen, Chief Executive Officer, received $644K in total, which decreased by 31% compared to 2007. 66% of Cohen's compensation, or $425K, was in salary. Cohen also received $137K of change in pension value and nonqualified deferred compensation earnings, $80K in stock awards, as well as $2K in other compensation.
Frank M. Mastrangelo, Chief Operating Officer, received a compensation package of $387K, which increased by 25% compared to previous year. 70% of the compensation package, or $270K, was in salary.
Arthur Birenbaum, Executive Vice President Commercial Loans, earned $337K in 2008, which is the same as previous year.
Scott R. Megargee, Executive Vice President and Chief Lending Officer, received $293K in 2008, which increases by 3% compared to 2007.
Donald F. McGraw Jr, Executive Vice President and Chief Credit Officer, earned $237K in 2008.
Martin F. Egan, Chief Accounting Officer, received $213K in 2008, which increases by 4% compared to 2007.
Related executives
Betsy Cohen
Bancorp
Chief Executive Officer
Frank Mastrangelo
Bancorp
Chief Executive Officer
Arthur Birenbaum
Bancorp
Executive Vice President Commercial Loans
Donald McGraw
Bancorp
Executive Vice President Chief Credit Officer
Martin Egan
Bancorp
Chief Accounting Officer
Scott Megargee
Bancorp
Executive Vice President and Chief Lending Officer
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Source: SEC filing on April 30, 2009.