Grand Bank Salary

Grand Bank Salary

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As of August 2026, the average annual salary for employees at Grand Bank in the United States is $107,843. This translates to an approximate hourly wage of $52. Salaries at Grand Bank typically range from $94,540 to $122,317 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Grand Bank

Ready for your next career move? Explore current job openings at Grand Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Grand Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Grand 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
MV Bank Inc $103,708
-3.8%
Reflects market rates for standard general contracting, differing from specialized roles.
Seaway Bank and Trust Co $100,290
-7.0%
Seaway Bank and Trust Co likely leverages performance bonuses over the high base salary shown here.
Astra Bank $87,643
-18.7%
Astra Bank focuses strategically on recruiting and training entry-level apprentices.
Tenants Byline Bank $100,691
-6.6%
Normalized for lower cost-of-living zones where Tenants Byline Bank primarily operates.
Financial Services Industry $121,514
+12.7%
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 Grand Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Grand Bank

Considering a career at Grand 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.
Training is available it is role-specific or timely. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. I've been consistently impressed by dedication to client-centricity and ethical conduct. That’s beneficial in finance, but it sometimes hinders agility.
Commented in March 04, 2025
37
2
Management actively encourages internal mobility, allowing employees to explore different business units. The company provides reliable employment with comprehensive benefits, but the work environment can feel bureaucratic. Supportive management, high ethical standards, and collaborative culture make this a standout company. The company’s focus on employee development and ethical financial practic...
Commented in December 30, 2024
41
3
Financial services can be demanding, but this team handles it with care and excellence. Employees across multiple regions—the firm fosters a close-knit culture. Problem-solving approaches are collaborative. Work-life balance initiatives, like flexible scheduling, demonstrate understanding of employees' needs. Supportive team and great leadership.
Commented in August 17, 2024
33
2
Goals are set collaboratively with regular check-ins. It's energizing to work with such talented yet humble professionals every day. Strong teamwork and open communication across departments. Communication between teams is formal, sometimes causing delays. I’ve received valuable mentoring, and career conversations happen regularly.
Commented in June 11, 2024
23
2
Team-oriented environment with supportive management. Empowering atmosphere with growth opportunities. Office amenities contribute to daily satisfaction. Opportunities to learn and lead.
Commented in January 14, 2024
44
0

Grand Bank Overview

Website
www.ngbank.com
Founded In
1975
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
91 Pleasant St Marblehead Massachusetts MA 01945
Revenue
$10 Million - $50 Million
Phone Number
+1 7816316000
Social Media
About Grand Bank
Grand Bank Corporation operates as a bank holding company for The National Grand Bank of Marblehead that provides various banking products and services. The company offers checking, savings, money market, and individual retirement accounts; certificates of deposit and retirement services; and credit and debit cards. It also provides automobile, boat, collateral, debt consolidation, home improvemen

What Benefits Does Grand Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Grand 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 Grand Bank?
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What Is the Cost of Living Near Salem?

Understanding the cost of living near Salem is key to truly evaluating a salary offer or your current compensation at Grand Bank.
Salem's Cost of Living Index is approximately 130.5 (30.5% more expensive than US average; 1.6% less than MA average). Historic North Shore city, tourism, housing costs high. MBTA bus/Commuter Rail, Ferry. When planning your budget based on a salary from Grand Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,900 - $2,800+ A significant portion of Grand Bank salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA pass varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,510 - $5,370+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Grand Bank

1. What is the typical salary range (low to high) for most roles at Grand Bank?

The typical annual salary range for most roles at Grand Bank is approximately from $94,540 to $122,317. 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. How much does Grand Bank pay compared to MV Bank Inc?

The average annual salary at Grand Bank is $107,843, or an hourly wage of $52, in comparison to MV Bank Inc which pays $103,708 per year or $50 per hour.

3. Do salaries differ significantly between departments at Grand Bank?

Yes, salaries often differ between departments at Grand Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Grand Bank?

Experience level is a significant factor in determining salary at Grand Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Grand Bank in Salem is fair given the local cost of living?

To determine if a salary offer from Grand Bank in Salem is fair, first compare the gross salary to our data for similar roles at Grand Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Salem" to understand its purchasing power.

6. Why might an individual's actual salary at Grand Bank differ from the ranges shown here?

An individual's actual salary at Grand Bank can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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