President Salary at Banknorth BETA

How much does a Banknorth President make?

As of April 2025, the average annual salary for a President at Banknorth is $663,739, which translates to approximately $319 per hour. Salaries for President at Banknorth typically range from $506,383 to $838,800, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

BankNorth Overview

Website:
ibanknorth.com
Size:
25 - 50 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Moving forward together for more than a century. First State Bank of Arthur was organized and issued a charter to begin business as a community bank in 1905. W. H. Simmons, Louis Bettschen, Fred Williams and J. H. Gale organized the bank and served as its first elected directors. W. C. Gamble was the first cashier. From the beginning, First State Bank of Arthur held its customers trust above all else. Its directors and officers worked to retain that trust through sound management that maintained the banks financial strength. In 1932, upon the death of Fred Williams, J. E. Sommerfeld was elected the banks president and B. A. Helland became the cashier and executive officer. They guided First State Bank of Arthur through one of the most difficult periods in the history of banking. The banking crisis of the early 1930s threatened the security of many banks and their customers. By the time Franklin Delano Roosevelt was inaugurated in March 1933, banks in all 48 states had either closed or had placed restrictions on how much money depositors could withdraw. FDRs first act as president was to declare a national bank holiday that closed banks for a three-day cooling off period. Solvent banks reopened but many never recovered. During that time and after, throughout The Great Depression, First State Bank of Arthurs directors and officers made sure all demands were met and depositors never lost any money. Sommerfeld continued to serve as president for 29 years. Lloyd Williams was elected president in 1962, and James L. Williams replaced him in 1975. Helland was the cashier and executive officer until his death in 1955, when Gale E. Hill replaced him. In 1988, Kim O. Larson was appointed executive vice president & CEO and joined the board of directors in 1990. In 1992, the bank changed its name to First State Bank of North Dakota (FSBND). That same year, FSBND purchased The First State Bank of Buffalo. Larson became president and CEO in 1999, and FSBND purchased the deposits of First National Bank of North Dakota in ...

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What Skills Does a person Need at Banknorth?

At Banknorth, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Banknorth

Job Title Average Banknorth Salary Hourly Rate
2 Chief Executive Officer $663,739 $319
3 Controller $198,669 $96
4 Loan Administrator $33,147 $16
5 Loan Officer Trainee $38,525 $19
6 Operations Specialist II $41,997 $20
7 Human Resource Generalist $50,207 $24
8 Information System Specialist $76,602 $37
9 Internal Auditor $61,548 $30
10 Security Representative $51,904 $25
11 Senior Vice President $169,864 $82
12 Business Analyst $81,365 $39
13 Customer Service Representative $30,209 $15

Hourly Pay at Banknorth

The average hourly pay at Banknorth for a President is $319 per hour. The location, department, and job description all have an impact on the typical compensation for Banknorth positions. The pay range and total remuneration for the job title are shown in the table below. Banknorth may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $663,739 look to you?

FAQ about Salary and Jobs at Banknorth

1. How much does Banknorth pay per hour?
The average hourly pay is $319. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Banknorth?
According to the data, the highest approximate salary is about $838,800 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Banknorth?
According to the data, the lowest estimated salary is about $506,383 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.