Last year's 10 highest-paid bankers received big boosts in compensation, helped by large grants of restricted stock and other reward packages, according to data compiled by American Banker.
Half of the names are new to the list and include top executives at banks whose stock prices were aided by high-profile acquisitions.
Edward E. Crutchfield Jr., chairman and chief executive officer of Charlotte, N.C.-based First Union Corp., ranked as the nation's highest- paid commercial banker in 1997, with compensation of $19.5 million. He did not appear on the 1996 list.
Mr. Crutchfield, who guided his bank through two major acquisitions last year and the pending $17 …
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