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Ion Bank Salary

Ion Bank Salary

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As of October 2026, the average annual salary for employees at Ion Bank in the United States is $113,792. This translates to an approximate hourly wage of $55. Salaries at Ion Bank typically range from $99,708 to $129,146 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Ion Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Ion Bank. Based on our data, the highest paying job is the President & Chief Executive Officer, with an annual salary of $880,849. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Ion Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Ion 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
National State Bank $117,494
+3.3%
Supported by National State Bank's high-margin contracts allowing higher overhead.
Lo Holdings Group LLC $99,468
-12.6%
Lo Holdings Group LLC may offer non-monetary perks in lieu of competitive base salaries.
Power International Holdings Inc $114,657
+0.8%
Indicates identical technical requirements and experience levels between the two firms.
Blue Cielo Capital Management LLC $99,995
-12.1%
Blue Cielo Capital Management LLC operates with a leaner overhead structure, impacting base wage offers.
Financial Services Industry $121,514
+6.8%
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 Ion Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Ion Bank

Considering a career at Ion 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.
Saying no to unrealistic demands is supported. Performance is expected but rarely celebrated in meaningful ways. I appreciate the trust and autonomy given. We have a strong client-first mentality. You’re surrounded by experts who are happy to share their knowledge.
Commented in March 23, 2025
37
1
Financial services can be demanding, but this team handles it with care and excellence. Management communicates policies clearly, but changes are often delayed due to bureaucracy. Leadership trusts employees to deliver and gives us the tools to succeed. Transparent goals and steady leadership. Every day brings a new opportunity to grow. Regulatory changes are communicated clearly.
Commented in July 11, 2024
45
0
Cross-department collaboration is limited, and training programs vary by team. This creates a respectful and efficient work environment for everyone on the team. It’s a stable environment for those who prefer clear rules and steady routines rather than rapid change or innovation. Teams work seamlessly together, leveraging diverse expertise to solve complex financial challenges. Leaders are open-mi...
Commented in February 07, 2024
23
2

Ion Bank Overview

Website
www.ionbank.com
Founded In
1870
Employees
200 - 500 employees
Industry
Financial Services
Headquarter Address
PO Box 370 Naugatuck Connecticut CT 06770
Revenue
$50 Million - $200 Million
Phone Number
+1 2037294442
Social Media
About Ion Bank
Ion Bank, a wholly owned subsidiary of Ion Financial, MHC, has been serving customers throughout Connecticut's Greater Naugatuck Valley and central Connecticut since 1870. Locally owned, the bank is committed to helping customers as well as the community at large. Ion Bank offers personal banking, business banking and financial services at its 19 branch locations.

What Benefits Does Ion Bank Offer Beyond Salary?

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

Understanding the cost of living near Bridgeport is key to truly evaluating a salary offer or your current compensation at Ion Bank.
Bridgeport's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.9% more than CT average). Largest CT city, more affordable housing than Fairfield County, but overall costs above US avg. GBT bus, Metro-North. When planning your budget based on a salary from Ion Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Ion Bank salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 (High heating/electric) Electricity, Heating, Cooling, Water etc.
Public Transportation $63 (GBT 31-day 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,723 - $4,223+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ion Bank

1. How much does an Ion Bank employee make?

Ion Bank pays its employees an average of $113,792 per year. The average salary at Ion Bank range from $99,708 to $129,146 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 Ion Bank?

The salary at Ion Bank is lesser than the similar company. The average annual salary at Ion Bank is $113,792, or an hourly wage of $55, in comparison to National State Bank which pays $117,494 per year or $56 per hour.

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

A President & Chief Executive Officer at Ion Bank typically earns an average annual base salary of around $880,849, with a general range of $671,536 to $1,114,226.

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

In many roles at Ion 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 Bridgeport affect the perceived value of a Ion Bank salary?

Bridgeport's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.9% more than CT average). This significantly impacts the purchasing power of a salary from Ion Bank based there. Our "Cost of Living Insights for Bridgeport" module details this impact, helping you assess the 'real feel' value of your compensation.

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

Ion 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 Ion Bank" section on this page.

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