Commercefirst Bank Salary
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Current Job Openings at Commercefirst Bank
Is Commercefirst Bank’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Safetrust Mortgage Bank Ltd | $96,894 |
-0.4%
|
Confirms Safetrust Mortgage Bank Ltd is a direct competitor vying for the exact same talent pool. |
| Yampa Valley Bank | $90,882 |
-6.6%
|
Normalized for lower cost-of-living zones where Yampa Valley Bank primarily operates. |
| Mizrahi Tefahot Bank Ltd Umtb | $94,025 |
-3.3%
|
Mizrahi Tefahot Bank Ltd Umtb operates with a leaner overhead structure, impacting base wage offers. |
| Digital Life Bank | $92,770 |
-4.6%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Financial Services Industry | $121,514 |
+24.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Commercefirst Bank's Salaries Compare to Similar Companies?
Safetrust Mortgage Bank Ltd
$96,894 / year
Salary Range: $84,937 - $109,904
Yampa Valley Bank
$90,882 / year
Salary Range: $79,668 - $103,087
Craig, CO
Mizrahi Tefahot Bank Ltd Umtb
$94,025 / year
Salary Range: $82,426 - $106,648
Kansas City, MO
Digital Life Bank
$92,770 / year
Salary Range: $81,326 - $105,221
Madrid, NY
3California Bank & Trust
$106,957 / year
Salary Range: $93,761 - $121,317
Los Angeles, CA
Menomonee Falls Bank
$95,428 / year
Salary Range: $83,654 - $108,233
Menomonee Falls, WI
Intermediary Bank
$91,799 / year
Salary Range: $80,474 - $104,124
Miami, FL
Ahmanson Bank and Trust Co
$108,539 / year
Salary Range: $95,154 - $123,122
Beverly Hills, CA
Merchants Bank
$87,010 / year
Salary Range: $76,268 - $98,685
Tallahassee, FL
Employee Reviews: Working at Commercefirst Bank
Commercefirst Bank Overview
What Benefits Does Commercefirst Bank Offer Beyond Salary?
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What Is the Cost of Living Near Glen Burnie?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,400 - $2,000+ | A significant portion of Commercefirst Bank salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $260 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $77 (MTA CharmCard pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $420 - $610 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $350 - $650+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $380 - $700+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,777 - $4,227+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Commercefirst Bank
1. What is the average salary for employees at Commercefirst Bank?
The average annual total compensation for employees at Commercefirst Bank is approximately $97,263. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,257 to $110,318, depending on factors like job role, experience, and location.
2. How much does Commercefirst Bank pay compared to Safetrust Mortgage Bank Ltd?
The average annual salary at Commercefirst Bank is $97,263, or an hourly wage of $47, in comparison to Safetrust Mortgage Bank Ltd which pays $96,894 per year or $47 per hour.
3. How does having a professional certification impact salary for relevant roles at Commercefirst Bank?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Commercefirst Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
4. Does Commercefirst Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Glen Burnie?
While some companies offer formal COLA, many, including potentially Commercefirst Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
5. What's the typical process for salary reviews and raises at Commercefirst Bank?
Most companies, likely including Commercefirst Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.
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