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Franklin Grove Bank Salary

Franklin Grove Bank Salary

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As of September 2026, the average annual salary for employees at Franklin Grove Bank in the United States is $86,240. This translates to an approximate hourly wage of $41. Salaries at Franklin Grove Bank typically range from $75,645 to $97,722 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Franklin Grove Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Franklin Grove Bank. Based on our data, the highest paying job is the President, with an annual salary of $667,577. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Franklin Grove Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Franklin Grove 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
Africa Venture Lab $87,939
+2.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
CENTREPOINT INVESTMENT Inc $99,468
+15.3%
Adjusted for higher cost-of-living indices in CENTREPOINT INVESTMENT Inc's primary metro hubs.
WestOne Microfinance Ltd $88,614
+2.8%
Indicates identical technical requirements and experience levels between the two firms.
M & T Bank $92,749
+7.5%
Driven by niche technical certifications required for M & T Bank's specialized projects.
Financial Services Industry $121,514
+40.9%
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 Franklin Grove Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Franklin Grove Bank. Click a company name to learn more.

Employee Reviews: Working at Franklin Grove Bank

Considering a career at Franklin Grove Bank? 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 decent place for those valuing predictability, and it is somehow for those seeking rapid growth or dynamic work. Quality matters more than rigid policies. Vacation requests are rarely denied.
Commented in April 14, 2025
21
2
Decision-making can be due to hierarchy. There are occasional team-building events, but mostly it’s a quiet, task-focused environment. Leadership listens and acts swiftly. They ensure we're equipped with the latest knowledge and skills in the financial services industry. The company stands out for its client-centered mission and employee empowerment.
Commented in March 28, 2025
9
0
The company's strong reputation in the industry makes me proud to work here. Even as the company scales, it retains that sense of teamwork and mission. Everyone contributes and feels heard. Continuous learning culture with many resources. I’m proud to be part of such a reputable organization.
Commented in March 08, 2025
22
2

Franklin Grove Bank Overview

Website
www.franklingrove.org
Founded In
1880
Employees
<25 employees
Industry
Financial Services
Headquarter Address
108 N Elm St Franklin Grove Illinois IL 61031
Revenue
<$5 Million
Phone Number
+1 8154562311
Social Media
About Franklin Grove Bank
Franklin Grove Bank has been serving the community of Franklin Grove and the surrounding area since 1880. We are proud to offer internet banking to our customers. You are just a few clicks away from the convenience of having access to all of your accounts 24 hours a day, 7 days a week, and 365 days a year.

What Benefits Does Franklin Grove Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Franklin Grove Bank 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)
Work at Franklin Grove Bank?
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What Is the Cost of Living Near Rockford?

Understanding the cost of living near Rockford is key to truly evaluating a salary offer or your current compensation at Franklin Grove Bank.
Rockford's Cost of Living Index is approximately 77.8 (22.2% less expensive than US average; 17.1% less than IL average). Northern IL city, very affordable housing. RMTD bus. When planning your budget based on a salary from Franklin Grove Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Franklin Grove Bank salary. Location choices impact this heavily.
Utilities (Basic) $160 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (RMTD monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $530 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,945 - $3,075+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Franklin Grove Bank

1. How much does a Franklin Grove Bank employee make?

Franklin Grove Bank pays its employees an average of $86,240 per year. The average salary at Franklin Grove Bank range from $75,645 to $97,722 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. Which similar company tend to pay more or less than Franklin Grove Bank?

The salary at Franklin Grove Bank is lesser than the similar company. The average annual salary at Franklin Grove Bank is $86,240, or an hourly wage of $41, in comparison to Africa Venture Lab which pays $87,939 per year or $42 per hour.

3. How much does a President typically earn at Franklin Grove Bank?

A President at Franklin Grove Bank typically earns an average annual base salary of around $667,577, with a general range of $509,469 to $843,113.

4. Do employees with advanced degrees (Master's, PhD) earn more at Franklin Grove Bank?

In many roles at Franklin Grove 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.

5. How does the cost of living near Rockford affect the perceived value of a Franklin Grove Bank salary?

Rockford's Cost of Living Index is approximately 77.8 (22.2% less expensive than US average; 17.1% less than IL average). This significantly impacts the purchasing power of a salary from Franklin Grove Bank based there. Our "Cost of Living Insights for Rockford" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Franklin Grove Bank typically offer employees?

Franklin Grove 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 Franklin Grove Bank" section on this page.

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