Florence Bank Salary

Florence Bank Salary

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As of August 2026, the average hourly salary for employees at Florence Bank in the United States is $51. This translates to an approximate annual wage of $106,714. Salaries at Florence Bank typically range from $45 to $58 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Florence Bank

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

Is Florence Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Florence 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
Metropolitan Bank Holding $60
+16.5%
Influenced by prevailing union wage agreements specific to Metropolitan Bank Holding's sector.
Equitel Group $55
+8.0%
Driven by niche technical certifications required for Equitel Group's specialized projects.
The Bank of New York Mellon Trust Company, Na $53
+3.4%
Reflects a supply-demand imbalance for the specific talent The Bank of New York Mellon Trust Company, Na targets.
Lsq $47
-8.7%
Lsq likely leverages performance bonuses over the high base salary shown here.
Financial Services Industry $59
+13.9%
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.

Companies Similar to Florence Bank and Their Hourly Pay Rates

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

Employee Reviews: Working at Florence Bank

Considering a career at Florence 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.
Workloads are balanced thoughtfully, preventing burnout common in financial services. The company’s mission and values are reflected in daily work. It’s a decent place to gain foundational experience, but those seeking dynamic challenges might feel limited in growth opportunities. From AI-driven analytics to seamless digital platforms, we have the tools to excel in our roles.
Commented in April 20, 2025
10
2
The leadership visionary and inspiring. Feedback is solicited and incorporated. This discipline saves countless hours. Integration between systems works smoothly. Transparent goals align with employee efforts.
Commented in April 14, 2025
46
1
Excellent culture focused on results, ethics, and people. I’ve had multiple growth opportunities, and my contributions are recognized. This financial services company offers one of the most attractive compensation packages in the industry. Fair promotions and evaluations. This enables us to work efficiently and effectively for our clients. Innovative tools and technology support daily tasks effici...
Commented in June 12, 2024
50
2
I feel part of something bigger. Working here offers a great balance of challenge and support. If you like routine and predictability, it works well. Change happens Managers are practical, not personable.
Commented in February 27, 2024
34
1

Florence Bank Overview

Website
www.florencebank.com
Founded In
1873
Employees
200 - 500 employees
Industry
Financial Services
Headquarter Address
85 Main St Florence Massachusetts MA 01062
Revenue
$50 Million - $200 Million
Phone Number
+1 4135861300
Social Media
About Florence Bank
Founded in 1873 and headquartered in Florence, Massachusetts, Florence Bank is a community financial institution.

What Benefits Does Florence Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Florence 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 Springfield?

Understanding the cost of living near Springfield is key to truly evaluating a salary offer or your current compensation at Florence Bank.
Springfield's Cost of Living Index is approximately 97.5 (2.5% less expensive than US average; 26.5% less than MA average). Western MA city, more affordable housing. PVTA bus, Hartford Line rail. When planning your budget based on a salary from Florence Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Florence Bank salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $58 (PVTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,488 - $3,868+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Florence Bank

1. How much does a Florence Bank employee make?

Florence Bank pays its employees an average of $51 per hour. The average salary at Florence Bank range from $45 to $58 per hour. 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 Florence Bank?

The salary at Florence Bank is lesser than the similar company. The average annual salary at Florence Bank is $106,714, or an hourly wage of $51, in comparison to Metropolitan Bank Holding which pays $124,361 per year or $60 per hour.

3. How much does a President & Chief Executive Officer typically earn at Florence Bank?

A President & Chief Executive Officer at Florence Bank typically earns an average hourly base salary of around $397, with a general range of $303 to $502.

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

In many roles at Florence 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 Springfield affect the perceived value of a Florence Bank salary?

Springfield's Cost of Living Index is approximately 97.5 (2.5% less expensive than US average; 26.5% less than MA average). This significantly impacts the purchasing power of a salary from Florence Bank based there. Our "Cost of Living Insights for Springfield" module details this impact, helping you assess the 'real feel' value of your compensation.

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

Florence 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 Florence Bank" section on this page.

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