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Torringtonsavings Bank Salary

Torringtonsavings Bank Salary

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As of August 2026, the average hourly salary for employees at Torringtonsavings Bank in the United States is $50. This translates to an approximate annual wage of $104,689. Salaries at Torringtonsavings Bank typically range from $44 to $57 hourly, reflecting the diverse roles and experience levels within the company.
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Is Torringtonsavings Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Torringtonsavings 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
Above Bank of Baroda $54
+6.5%
Supported by Above Bank of Baroda's high-margin contracts allowing higher overhead.
Uncasville Dime Bank $49
-1.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Chelsea Grton Bank $49
-3.6%
Normalized for lower cost-of-living zones where Chelsea Grton Bank primarily operates.
Founders Bank $49
-1.9%
Confirms Founders Bank is a direct competitor vying for the exact same talent pool.
Financial Services Industry $59
+16.1%
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 Torringtonsavings Bank and Their Hourly Pay Rates

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

Employee Reviews: Working at Torringtonsavings Bank

Considering a career at Torringtonsavings 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 competent but sometimes disconnected from staff needs. The organization combines a strong emphasis on innovation with a supportive and inclusive work culture. You don’t feel like just another cog in the system here. It’s a conventional corporate environment, best suited to those who prefer consistency over fast-paced or innovation-heavy environments.
Commented in February 23, 2025
8
2
Supportive leadership fosters growth and rewards performance consistently. They actively look for ways to help you achieve your professional financial goals. The leadership team is experienced, though not always accessible. Flexible schedules and great benefits. This focus not only enhances my skills but also demonstrates a clear commitment to employee growth and career longevity within the firm. ...
Commented in January 20, 2025
36
3
This financial services company stands out for its innovation and adaptability. Information flows freely in all directions. Communication varies across departments and teams.
Commented in March 11, 2024
19
1

Torringtonsavings Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
475 Broad St Bristol Connecticut CT 06010
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Torringtonsavings Bank
Torringtonsavings Bank is a company that operates in the Financial Services industry. It employs 51-100 people and has $25M-$50M of revenue. The company is headquartered in Bristol, Connecticut.

What Benefits Does Torringtonsavings Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Torringtonsavings 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 Bristol?

Understanding the cost of living near Bristol is key to truly evaluating a salary offer or your current compensation at Torringtonsavings Bank.
Bristol's Cost of Living Index is approximately 100.5 (0.5% more expensive than US average; 6.7% less than CT average). Home of ESPN, relatively affordable housing. CTtransit. When planning your budget based on a salary from Torringtonsavings Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,150 - $1,700+ A significant portion of Torringtonsavings Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $63 (CTtransit 31-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,483 - $3,893+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Torringtonsavings Bank

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

The typical salary range for most roles at Torringtonsavings Bank is approximately from $44 to $57 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. How much does Torringtonsavings Bank pay compared to Above Bank of Baroda?

The average annual salary at Torringtonsavings Bank is $104,689, or an hourly wage of $50, in comparison to Above Bank of Baroda which pays $111,482 per year or $54 per hour.

3. How does experience level affect salary at Torringtonsavings Bank?

Experience level is a significant factor in determining salary at Torringtonsavings 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.

4. How can I determine if a salary offer from Torringtonsavings Bank in Bristol is fair given the local cost of living?

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

5. What factors influence salary increases at Torringtonsavings Bank?

Salary increases at Torringtonsavings Bank are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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