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First Mercantile Trust Co Salary

First Mercantile Trust Co Salary

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As of September 2026, the average annual salary for employees at First Mercantile Trust Co in the United States is $88,614. This translates to an approximate hourly wage of $43. Salaries at First Mercantile Trust Co typically range from $77,679 to $100,514 annually, reflecting the diverse roles and experience levels within the company.
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Is First Mercantile Trust Co’s Pay Competitive? Salary Benchmarking Analysis

How does First Mercantile Trust Co's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Bank of America, NA, as Collateral Agent and Adiministrative Agent $91,936
+3.7%
Reflects structural premiums typical of Bank of America, NA, as Collateral Agent and Adiministrative Agent's large-cap national operations.
Los Alamitos Limited Partnership a California $107,421
+21.2%
Supported by Los Alamitos Limited Partnership a California's high-margin contracts allowing higher overhead.
Polymed Laboratories, Ltd., a California LP $106,704
+20.4%
Influenced by prevailing union wage agreements specific to Polymed Laboratories, Ltd., a California LP's sector.
Philomeno & Salamone, A Prdc Subsidiary Inc $103,666
+17.0%
Reflects a supply-demand imbalance for the specific talent Philomeno & Salamone, A Prdc Subsidiary Inc targets.
Financial Services Industry $121,514
+37.1%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How First Mercantile Trust Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at First Mercantile Trust Co. Click a company name to learn more.

Employee Reviews: Working at First Mercantile Trust Co

Considering a career at First Mercantile Trust Co? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
It’s a high-performance, high-integrity workplace. Advancement can take time depending on role. An ideal place for professionals focused on financial services excellence. Leadership is visionary, always pushing for innovation while maintaining stability. The company invests heavily in employee development, offering extensive training programs and mentorship opportunities. Working has been an excep...
Commented in April 30, 2025
40
2
Compensation and benefits are competitive, including strong retirement plans and wellness programs. Regular 1:1s provide guidance without hovering. Onboarding program sets new hires up for success. The company provides job security and competitive benefits, but growth opportunities can be heavily dependent on tenure. Working provides immense intellectual stimulation.
Commented in February 15, 2025
42
2
This financial services organization is a leader in both innovation and employee satisfaction. This culture of respect, trust, and innovation makes it an excellent place to work. This is a forward-thinking firm with great leadership. Benefits are solid, although pay raises are infrequent.
Commented in January 10, 2024
29
2

First Mercantile Trust Co Overview

Website
www.firstmerc.com
Founded In
1957
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
57 Germantown Ct Cordova Tennessee TN 38018
Revenue
$10 Million - $50 Million
Phone Number
+1 9017539080
Social Media
About First Mercantile Trust Co
First Mercantile Trust Company is a financial services company that provides niche services, including collective investment trusts (CIT's), directed trustee and custodian accounts, and recordkeeping services for employer-sponsored retirement savings plans. First Mercantile serves primarily small- to mid-market corporate plan sponsors in a wide range of industries. Organized under the laws of the

What Benefits Does First Mercantile Trust Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Mercantile Trust Co offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at First Mercantile Trust Co.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from First Mercantile Trust Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of First Mercantile Trust Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Mercantile Trust Co

1. How much does First Mercantile Trust Co in the United States pay?

First Mercantile Trust Co pays its employees an average of $88,614 per year. The average salary at First Mercantile Trust Co range from $77,679 to $100,514 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do First Mercantile Trust Co employees get a higher salary than its peer company?

The salary at First Mercantile Trust Co is lesser than its peer company. The average annual salary at First Mercantile Trust Co is $88,614, or an hourly wage of $43, in comparison to Bank of America, NA, as Collateral Agent and Adiministrative Agent which pays $91,936 per year or $44 per hour.

3. How much does salary increase with years of experience at First Mercantile Trust Co?

Salary progression with years of experience at First Mercantile Trust Co is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at First Mercantile Trust Co vary by office location?

Yes, it's very likely that salaries at First Mercantile Trust Co vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Memphis section provides more context.

5. Does First Mercantile Trust Co offer good benefits?

First Mercantile Trust Co typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at First Mercantile Trust Co" section on this page.

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