President Salary at Merchants Bank BETA

How much does a Merchants Bank President make?

As of April 2025, the average annual salary for a President at Merchants Bank is $760,250, which translates to approximately $366 per hour. Salaries for President at Merchants Bank typically range from $579,517 to $961,890, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Merchants Bank Overview

Website:
merchantsbank.com
Size:
500 - 1,000 Employees
Revenue:
$50M - $200M
Industry:
Financial Services

Founded in 1849 and headquartered in Winona, Minnesota, Merchants Bank provides general and business banking services.

See similar companies related to Merchants Bank

What Skills Does a person Need at Merchants Bank?

At Merchants Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Merchants Bank

Job Title Average Merchants Bank Salary Hourly Rate
2 Accounting Assistant $44,696 $21
3 Chief Financial Officer $396,361 $191
4 Commercial Banking Officer $74,434 $36
5 Commercial Loan Officer $65,042 $31
6 Executive Assistant $78,777 $38
7 Junior Credit Analyst $52,595 $25
8 Lending Assistant $49,526 $24
9 Mortgage Loan Coordinator $39,808 $19
10 Mortgage Loan Processor $39,808 $19
11 Operations Assistant $47,970 $23
12 Payroll Specialist $87,769 $42
13 Customer Service & Collections Representative $45,232 $22

Hourly Pay at Merchants Bank

The average hourly pay at Merchants Bank for a President is $366 per hour. The location, department, and job description all have an impact on the typical compensation for Merchants Bank positions. The pay range and total remuneration for the job title are shown in the table below. Merchants Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $760,250 look to you?

FAQ about Salary and Jobs at Merchants Bank

1. How much does Merchants Bank pay per hour?
The average hourly pay is $366. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Merchants Bank?
According to the data, the highest approximate salary is about $961,890 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Merchants Bank?
According to the data, the lowest estimated salary is about $579,517 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.