Richfield Bank Salary

Richfield Bank Salary

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As of August 2026, the average annual salary for employees at Richfield Bank in the United States is $98,993. This translates to an approximate hourly wage of $48. Salaries at Richfield Bank typically range from $86,806 to $112,245 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Richfield Bank

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

Is Richfield Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Richfield 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
Scale Bank $100,628
+1.7%
Suggests Scale Bank utilizes a highly similar base-plus-benefits compensation model.
St Stephen Bank $88,245
-10.9%
St Stephen Bank likely leverages performance bonuses over the high base salary shown here.
State Savings Bank $88,698
-10.4%
State Savings Bank focuses strategically on recruiting and training entry-level apprentices.
United Community Bank of West Kentucky $87,907
-11.2%
Reflects market rates for standard general contracting, differing from specialized roles.
Financial Services Industry $121,514
+22.8%
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 Richfield Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Richfield Bank

Considering a career at Richfield 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.
Internal mobility is real, and continuous improvement is encouraged. Overall, a reliable environment for those who prioritize consistency and clear expectations over innovation or rapid change. I’ve found purpose in the work and fulfillment in the culture. Public transit options abound. Supportive team environment with focus on work-life balance.
Commented in March 31, 2025
32
3
Benefits and compensation packages are very competitive. Flexible schedules and great benefits. Quiet rooms enable focused work. My role has remained largely unchanged, which provides comfort.
Commented in March 10, 2025
26
3
Hiring panels receive unconscious bias training. Leadership is professional but often distant from frontline employees. The culture is performance-oriented but people-first. This understanding reduces stress. Ethical values guide daily operations. Leadership is approachable and encourages employees to share ideas and improve processes. Technology supports rather than hinders interactions. The lead...
Commented in September 15, 2024
21
1
Leadership genuinely encourages us to grow. Time limits are respected. Leadership is professional but can be disconnected from daily challenges faced by employees.
Commented in February 29, 2024
10
1

Richfield Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
6625 Lyndale Ave S Minneapolis Minnesota MN 55423
Revenue
$10 Million - $50 Million
Phone Number
+1 6127983400
Social Media
About Richfield Bank
Richfield Bank is a company that operates in the Financial Services industry. It employs 21-50 people and has $25M-$50M of revenue. The company is headquartered in Minneapolis, Minnesota.

What Benefits Does Richfield Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richfield 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 Richfield 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 Richfield 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 Richfield 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 Richfield Bank

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

The typical annual salary range for most roles at Richfield Bank is approximately from $86,806 to $112,245. 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 Richfield Bank pay compared to Scale Bank?

The average annual salary at Richfield Bank is $98,993, or an hourly wage of $48, in comparison to Scale Bank which pays $100,628 per year or $48 per hour.

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

Experience level is a significant factor in determining salary at Richfield 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 Richfield Bank in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Richfield Bank in Minneapolis is fair, first compare the gross salary to our data for similar roles at Richfield 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.

5. Are the salaries listed for Richfield Bank on Salary.com pre-tax or after-tax?

All salary figures displayed for Richfield Bank, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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