Grove Bank Salary

Grove Bank Salary

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As of August 2026, the average annual salary for employees at Grove Bank in the United States is $82,464. This translates to an approximate hourly wage of $40. Salaries at Grove Bank typically range from $72,337 to $93,454 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Grove Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Grove Bank. Based on our data, the highest paying job is the President, with an annual salary of $638,346. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Grove Bank

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

Is Grove Bank’s Pay Competitive? Salary Benchmarking Analysis

How does 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
4170 Trading $94,594
+14.7%
Reflects a supply-demand imbalance for the specific talent 4170 Trading targets.
Terminus Payments $88,582
+7.4%
Influenced by prevailing union wage agreements specific to Terminus Payments's sector.
MARKAT Group $95,923
+16.3%
Reflects structural premiums typical of MARKAT Group's large-cap national operations.
Bridgexpo $106,134
+28.7%
Adjusted for higher cost-of-living indices in Bridgexpo's primary metro hubs.
Financial Services Industry $121,514
+47.4%
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 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 Grove Bank. Click a company name to learn more.

Employee Reviews: Working at Grove Bank

Considering a career at 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.
Leadership is professional but sometimes delay to act. They actively seek employee input and implement feedback effectively. Working here offers a great balance of challenge and support. Pet insurance was a welcome surprise. The culture emphasizes teamwork and open communication, making collaboration enjoyable.
Commented in May 19, 2025
12
0
Working has been an exceptional experience. Facilities teams keep everything running smoothly. A forward-thinking company with excellent leadership and a culture of growth. Training is available but may be generic and infrequent.
Commented in January 31, 2025
42
3
Leadership is transparent and approachable, fostering a culture of trust and innovation. Birthday recognitions. Transparency, collaboration, and accountability are prioritized. Training programs are detailed and continuous. This firm stands out for its employee-centric. Communication is formal and sometimes delayed, impacting collaboration.
Commented in December 26, 2024
23
2

Grove Bank Overview

Website
www.grovebancorp.com
Founded In
1907
Employees
<25 employees
Industry
Financial Services
Headquarter Address
110 Atlantic Ave W Grove City Minnesota MN 56243
Revenue
<$5 Million
Phone Number
+1 3208572521
Social Media
About Grove Bank
For over 100 years, Grove Bank has been an important asset to our community, promptly and personally providing the highest quality service to our friends and neighbors.

What Benefits Does Grove Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. 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)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Grove Bank.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Grove Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Grove Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Grove Bank

1. What is the estimated average total compensation at Grove Bank?

Salary.com estimates that the average total compensation package at Grove Bank, which can include base salary, potential bonuses, and benefits, is around $82,464 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Grove Bank pay compared to 4170 Trading?

The average annual salary at Grove Bank is $82,464, or an hourly wage of $40, in comparison to 4170 Trading which pays $94,594 per year or $45 per hour.

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

Yes, salaries often differ between departments at Grove 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Grove Bank?

Salary progression from an entry-level to a senior role at Grove Bank can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

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

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

6. Are promotions at Grove Bank usually accompanied by a significant salary increase?

Yes, promotions at Grove Bank are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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