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Richmond Mutual Bancorporation Salary

Richmond Mutual Bancorporation Salary

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As of August 2026, the average annual salary for employees at Richmond Mutual Bancorporation in the United States is $94,563. This translates to an approximate hourly wage of $45. Salaries at Richmond Mutual Bancorporation typically range from $82,884 to $107,282 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Richmond Mutual Bancorporation Pay for Different Roles?

Explore detailed salary information for specific jobs at Richmond Mutual Bancorporation. Based on our data, the highest paying job is the President & Chief Executive Officer, with an annual salary of $731,999. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Richmond Mutual Bancorporation’s Pay Competitive? Salary Benchmarking Analysis

How does Richmond Mutual Bancorporation'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
Citizen's State Bank Midwest $92,000
-2.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Geneva National Bank Of Geneva $98,044
+3.7%
Reflects structural premiums typical of Geneva National Bank Of Geneva's large-cap national operations.
Pngts Holding Corp $101,440
+7.3%
Supported by Pngts Holding Corp's high-margin contracts allowing higher overhead.
Gravity USA Holding Inc $93,413
-1.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Financial Services Industry $121,514
+28.5%
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 Richmond Mutual Bancorporation's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Richmond Mutual Bancorporation

Considering a career at Richmond Mutual Bancorporation? 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.
This is a good position for those who prefer structure, routine, and reliable expectations in a large organization. Great company with a mission-driven culture. Team collaboration is strong, and every contribution matters. Decision-making can be due to hierarchy.
Commented in April 30, 2025
38
0
That makes a huge difference when juggling multiple priorities. Travel policies are employee-friendly. The company favors proven processes over new ideas.
Commented in April 18, 2025
23
2
Doing good is baked into our culture. Compensation adjustments reflect demonstrated contributions. This firm blends tradition and innovation well. The company encourages continuous learning and values employee feedback. Company-sponsored charity events build team spirit while helping good causes. Cross-functional projects are rare. The company’s reputation for integrity and innovation attracts top...
Commented in December 06, 2024
41
3
The company provides excellent resources and mentorship for career development. This company is a true leader in the financial services space. It makes coming to work enjoyable and productive every single day now. Encouraged to take initiative and lead. The leadership team encourages innovation and supports continuous learning.
Commented in February 13, 2024
37
1

Richmond Mutual Bancorporation Overview

Website
www.firstbankrichmond.com
Founded In
1887
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Address
31 N 9th St Richmond Indiana IN 47374
Revenue
$10 Million - $50 Million
Phone Number
+1 7659622581
Social Media
About Richmond Mutual Bancorporation
Richmond Mutual Bancorporation, Inc., headquartered in Richmond, Indiana, is the holding company for First Bank Richmond, a community-oriented financial institution offering traditional financial and trust services within its local communities through its eight locations in Richmond, Centerville, Cambridge City and Shelbyville, Indiana, its five locations in Sidney, Piqua and Troy, Ohio and its lo

What Benefits Does Richmond Mutual Bancorporation Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richmond Mutual Bancorporation 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 Richmond Mutual Bancorporation?
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What Is the Cost of Living Near Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Richmond Mutual Bancorporation.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Richmond Mutual Bancorporation, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Richmond Mutual Bancorporation salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richmond Mutual Bancorporation

1. How much does a Richmond Mutual Bancorporation employee make?

Richmond Mutual Bancorporation pays its employees an average of $94,563 per year. The average salary at Richmond Mutual Bancorporation range from $82,884 to $107,282 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 Richmond Mutual Bancorporation?

The salary at Richmond Mutual Bancorporation is higher than the similar company. The average annual salary at Richmond Mutual Bancorporation is $94,563, or an hourly wage of $45, in comparison to Citizen's State Bank Midwest which pays $92,000 per year or $44 per hour.

3. How much does a President & Chief Executive Officer typically earn at Richmond Mutual Bancorporation?

A President & Chief Executive Officer at Richmond Mutual Bancorporation typically earns an average annual base salary of around $731,999, with a general range of $558,225 to $925,594.

4. Do employees with advanced degrees (Master's, PhD) earn more at Richmond Mutual Bancorporation?

In many roles at Richmond Mutual Bancorporation, 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 Indianapolis affect the perceived value of a Richmond Mutual Bancorporation salary?

Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). This significantly impacts the purchasing power of a salary from Richmond Mutual Bancorporation based there. Our "Cost of Living Insights for Indianapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Richmond Mutual Bancorporation typically offer employees?

Richmond Mutual Bancorporation 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 Richmond Mutual Bancorporation" section on this page.

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