What is the highest paying job at First Minnesota Bank?

Based on our latest data, the highest paying role at First Minnesota Bank is Member Services Representative - Atascocita, earning approximately $148,610 annually.

Where is First Minnesota Bank located?

First Minnesota Bank is headquartered in MINNETONKA, MN, but may have operations in other locations within the Financial Services sector.

What industry is First Minnesota Bank in?

First Minnesota Bank operates in the Financial Services industry.

First Minnesota Bank Average Salary and Pay Ranges

First Minnesota Bank Salary

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Salary at First Minnesota Bank

How Much Does First Minnesota Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at First Minnesota Bank. Based on our data, the highest paying job is the Member Services Representative - Atascocita, with an annual salary of $148,610. The table below outlines the annual salary ranges for most popular roles within the company.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Universal Banker

$43,265 / year

Salary Range: $39,066 - $48,183

Teller Operations

Part-time Teller

$37,658 / year

Salary Range: $34,398 - $41,365

Banking

Universal Banker / Head Teller

$39,894 / year

Salary Range: $36,064 - $44,290

Banking and Financial Services

Retail Banking Representative

$39,756 / year

Salary Range: $36,296 - $43,815

Teller Operations

Deposit Operations Specialist I - Baytown

$60,370 / year

Salary Range: $50,136 - $70,189

Operations

Personal Financial Officer - Mont Belvieu

$56,271 / year

Salary Range: $49,641 - $64,025

Management

Member Services Representative - Atascocita

$148,610 / year

Salary Range: $128,535 - $177,025

Operations Management

Teller Floater- Baytown

$47,097 / year

Salary Range: $40,624 - $54,518

Oil and Gas

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at First Minnesota Bank.

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About First Minnesota Bank: Company Profile

Website

www.cortrustbank.com

Founded In

1930

Employees

25 - 50 employees

Industry

Financial Services

Headquarter Location

MINNETONKA

Revenue

$10 Million - $50 Million

Phone Number

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into First Minnesota Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.

Opportunities for internal mobility allow employees to explore different roles. Workload can be demanding, but compensation is fair. There’s recognition for hard work and space to innovate. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. The global reach offers unparalleled exposure and learning experiences.

Commented in March 03, 2025

The systems in place help with productivity, and the support from colleagues has been fantastic. The culture balances high performance with empathy, encouraging employees to maintain a healthy work-life balance. Working provides immense intellectual stimulation.

Commented in February 28, 2025

Despite having team members, IT support is responsive, and systems are user-friendly. This retains top talent within the organization. Regular training programs keep skills up to date. Training is offered but can meet evolving role requirements. Collaborative culture with strong emphasis on professional development. Colleagues are supportive, and management genuinely values team feedback, resultin...

Commented in October 13, 2024

Our differences are celebrated as strengths that drive innovation. Compensation adjustments reflect demonstrated contributions. This financial services company offers an engaging, fast-paced environment that rewards hard work and innovation. Career progression is transparent, with clear paths to promotion. The company offers consistent benefits and job security but has limited flexibility in work ...

Commented in January 01, 2024

How First Minnesota Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating First Minnesota Bank’s pay competitiveness. Click on a company for a deeper dive.

FIRST SECURITY BANK - SLEEPY EYE

Avg. Salary: $77,013

FIRST TRUST & SAVINGS BANK INC

Avg. Salary: $76,289

FARMERS STATE BANK OF HAMEL INC

Avg. Salary: $86,063

FIRST REGIONAL BANCORP

Avg. Salary: $100,253

FREEDOMBANK

Avg. Salary: $79,921

FIRST AMERICAN BANK AND TRUST

Avg. Salary: $84,817

FBTET

Avg. Salary: $83,030

CARTER COUNTY, TENNESSEE, USA

Avg. Salary: $76,682

CITIZENS HOLDING COMPANY

Avg. Salary: $77,496

BANK OF STOCKTON

Avg. Salary: $97,142

CITIZENS BANK & TRUST

Avg. Salary: $84,470

CENTRUE FINANCIAL SERVICES TRUST COMPANY

Avg. Salary: $85,699

Is First Minnesota Bank’s Pay Competitive? Salary Benchmarking Analysis

How does First Minnesota Bank'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
FIRST SECURITY BANK - SLEEPY EYE	$77,014	-14.8%	Normalized for lower cost-of-living zones where FIRST SECURITY BANK - SLEEPY EYE primarily operates.
FIRST TRUST & SAVINGS BANK INC	$76,289	-15.6%	FIRST TRUST & SAVINGS BANK INC focuses strategically on recruiting and training entry-level apprentices.
FARMERS STATE BANK OF HAMEL INC	$86,063	-4.8%	FARMERS STATE BANK OF HAMEL INC likely leverages performance bonuses over the high base salary shown here.
FIRST REGIONAL BANCORP	$100,254	+11.0%	Influenced by prevailing union wage agreements specific to FIRST REGIONAL BANCORP's sector.
Financial Services Industry	$121,514	+34.5%	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.

What Is the Cost of Living Near Minnetonka?

Understanding the cost of living near Minnetonka is key to truly evaluating a salary offer or your current compensation at First Minnesota Bank.

Minnetonka's Cost of Living Index is approximately 118.2 (18.2% more expensive than US average; 21.7% more than MN average). Affluent Mpls suburb, Lake Minnetonka, very high housing costs. Metro Transit. When planning your budget based on a salary from First Minnesota Bank, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,700 - $2,600+	A significant portion of First Minnesota Bank salary. Location choices impact this heavily.
Utilities (Basic)	$120 - $210	Electricity, Heating, Cooling, Water etc.
Public Transportation	Metro Transit (varies)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$450 - $670	Can be higher with more dining out or specialty stores.
Personal & Leisure	$480 - $850+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$410 - $760+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$3,210 - $5,090+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About First Minnesota Bank

FAQ 1: How much does a First Minnesota Bank employee make?

First Minnesota Bank pays its employees an average of $90,355 per year. The average salary at First Minnesota Bank range from $79,234 to $102,556 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.

FAQ 2: Which similar company tend to pay more or less than First Minnesota Bank?

The salary at First Minnesota Bank is higher than the similar company. The average annual salary at First Minnesota Bank is $90,355, or an hourly wage of $43, in comparison to FIRST SECURITY BANK - SLEEPY EYE which pays $77,013 per year or $37 per hour.

FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at First Minnesota Bank?

In many roles at First Minnesota Bank, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

FAQ 4: How does the cost of living near Minnetonka affect the perceived value of a First Minnesota Bank salary?

Minnetonka's Cost of Living Index is approximately 118.2 (18.2% more expensive than US average; 21.7% more than MN average). This significantly impacts the purchasing power of a salary from First Minnesota Bank based there. Our "Cost of Living Insights for Minnetonka" module details this impact, helping you assess the 'real feel' value of your compensation.

FAQ 5: What kind of benefits does First Minnesota Bank typically offer employees?

First Minnesota Bank generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at First Minnesota Bank" section on this page.