Root River State Bank Salary

Root River State Bank Salary

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As of July 2026, the average annual salary for employees at Root River State Bank in the United States is $83,814. This translates to an approximate hourly wage of $40. Salaries at Root River State Bank typically range from $73,519 to $94,978 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Root River State Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Root River State Bank. Based on our data, the highest paying job is the President, with an annual salary of $648,797. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Root River State Bank

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

Is Root River State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Root River State 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
Maso Capital $84,616
+1.0%
Confirms Maso Capital is a direct competitor vying for the exact same talent pool.
PINE Advisor Solutions $88,677
+5.8%
Adjusted for higher cost-of-living indices in PINE Advisor Solutions's primary metro hubs.
Nexus Capital Investments LLC $99,900
+19.2%
Reflects structural premiums typical of Nexus Capital Investments LLC's large-cap national operations.
GraniteShares Inc $105,891
+26.3%
Reflects a supply-demand imbalance for the specific talent GraniteShares Inc targets.
Financial Services Industry $121,514
+45.0%
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 Root River State Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Root River State Bank

Considering a career at Root River State 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.
Communication varies across different teams. Managers are responsive and respectful. Leadership fosters a growth mindset, encouraging innovation at every level. Leadership messages feel authentic rather than scripted. Some internal processes feel bureaucratic and often.
Commented in April 18, 2025
29
2
The culture is professional but lacks warmth. Communication across departments is inconsistent. Only essential attendees are included. Onboarding program sets new hires up for success. The workday is orderly, and deliverables are well scoped. The evaluation process feels designed to help me succeed. Working provides immense intellectual stimulation.
Commented in January 20, 2025
46
2
Training is robust and well-structured. Employee resource groups provide support and connection. Leadership listens and responds quickly. This firm blends tradition and innovation well. Every team meeting feels purposeful and productive.
Commented in January 04, 2024
27
1

Root River State Bank Overview

Website
www.rrsbchatfield.com
Founded In
1856
Employees
<25 employees
Industry
Financial Services
Headquarter Address
18 3rd St SE Chatfield Minnesota MN 55923
Revenue
<$5 Million
Phone Number
+1 5078674120
Social Media
About Root River State Bank
We have been providing the finest in personalized banking service to southeastern Minnesota since 1856, and are recognized as being the oldest bank in our state, and a leader in community banking. We are proud to be located in Chatfield, a community of 2,789 people, in the heart of the "Chosen Valley". Our 11 employees have over 250 years of combined experience and are excited to share their progr

What Benefits Does Root River State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Root River State 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 Root River State 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 Root River State 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 Root River State 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 Root River State Bank

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

The typical annual salary range for most roles at Root River State Bank is approximately from $73,519 to $94,978. 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 Root River State Bank pay compared to Maso Capital?

The average annual salary at Root River State Bank is $83,814, or an hourly wage of $40, in comparison to Maso Capital which pays $84,616 per year or $41 per hour.

3. How does experience level affect salary at Root River State Bank?

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

To determine if a salary offer from Root River State Bank in Minneapolis is fair, first compare the gross salary to our data for similar roles at Root River State 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. What are the key factors that influence salary levels at Root River State Bank?

Several key factors influence salary levels at Root River State Bank. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Root River State Bank likely benchmarks its salaries against other companies in the Financial Services sector. You can explore how these factors play out in our detailed salary data.

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