Home : News : Local :

Top Stories

Van hits pole and flips, one injured

Officials are looking into what caused an accident on Leroy …

Local football team walks in Hospice 5K

The 17th Annual Hospice Walk took off at the Canalside Sunday …

Loved ones shocked of tragic accident

Loved ones are still in shock after the fatal crash in Lewiston…

Niagara Wheatfield teens in fatal crash

Three female Niagara Wheatfield Seniors were involved in a …

Kenmore man's body found in his home

UPDATE: Kenmore Village Police are investigating a man's …

First Niagara CEO tops bank payrolls

John Koelmel made $3.8M in 2012

Updated: Friday, 15 Mar 2013, 11:17 PM EDT
Published : Friday, 15 Mar 2013, 11:34 AM EDT

Nancy Sanders

BUFFALO, NY (WIVB) - The highest paid banking executive in western New York is John Koelmel, President and CEO of the First Niagara Bank.

Koelmel topped out at $3.8 million in total compensation in 2012. Bob Wilmers, CEO of M&T Bank, was shy of that number at $3.4 million.

According to Business First, in 2012 the 60-year-old executive drew a base salary of $955,000 plus received $1.6 million in stock awards; $567,925 in option awards; and $638,895 in incentive pay.

Comments

With WIVB.com's new commenting system you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. If you have a WIVB.com login you can still use it in our Participate section.