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