Vergas State Bank Salary

Vergas State Bank Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of August 2026, the average annual salary for employees at Vergas State Bank in the United States is $81,937. This translates to an approximate hourly wage of $39. Salaries at Vergas State Bank typically range from $71,879 to $92,857 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Vergas State Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Vergas State Bank. Based on our data, the highest paying job is the Operations Officer, with an annual salary of $87,281. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Vergas State Bank

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

Is Vergas State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Vergas 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
Bonduel State Bank $85,418
+4.2%
Reflects structural premiums typical of Bonduel State Bank's large-cap national operations.
Acme Vc $110,997
+35.5%
Reflects a supply-demand imbalance for the specific talent Acme Vc targets.
Scoco Investments $99,615
+21.6%
Data suggests Scoco Investments's workforce skews heavily towards veteran, high-tenure roles.
Vnesto Capital $101,377
+23.7%
Adjusted for higher cost-of-living indices in Vnesto Capital's primary metro hubs.
Financial Services Industry $121,514
+48.3%
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 Vergas 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 Vergas State Bank. Click a company name to learn more.

Employee Reviews: Working at Vergas State Bank

Considering a career at Vergas 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.
Training programs exist but can be generic. Training is robust and well-structured. Work-life balance depends heavily on individual managers, leading to inconsistent experiences. There’s room to explore side projects and propose changes. It's reassuring to work for a financial institution that not only focuses on profitability but also actively contributes to community development and environmenta...
Commented in February 19, 2025
8
1
The best part of working here is the constant encouragement to learn and improve. Benefits are comprehensive and competitive, with an emphasis on health and retirement plans. Coworkers here are some of the best I’ve worked with. Their expertise is evident in strategic decisions. I’ve experienced steady career growth thanks to thoughtful management and an empowering, organized environment. Low turn...
Commented in November 13, 2024
26
2
Innovative tools and technologies enhance workflows. The work environment is professional but can feel rigid. The office spaces are designed to encourage interaction, and even remote employees feel connected. Our leadership team reflects the diversity we value. Teamwork drives strong performance.
Commented in January 30, 2024
43
2

Vergas State Bank Overview

Website
www.vergasstatebank.com
Founded In
1909
Employees
<25 employees
Industry
Financial Services
Headquarter Address
106 E Main St Vergas Minnesota MN 56587
Revenue
<$5 Million
Phone Number
+1 2183422481
Social Media
About Vergas State Bank
Banking came to Vergas in 1903 and in 1904 the bank was operating under the name of Farmers State Bank. The bank closed during the depression in September of 1932. It reopened as Vergas State Bank in 1936 and has operated continuously in Otter Tail County since that time. Vergas State Bank is a locally owned, independent, community bank. Since its inception, the banks primary mission has been to s

What Benefits Does Vergas State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Vergas 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)
Work at Vergas State Bank?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

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 Vergas 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 Vergas 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 Vergas 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 Vergas State Bank

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

The typical annual salary range for most roles at Vergas State Bank is approximately from $71,879 to $92,857. 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 Vergas State Bank pay compared to Bonduel State Bank?

The average annual salary at Vergas State Bank is $81,937, or an hourly wage of $39, in comparison to Bonduel State Bank which pays $85,418 per year or $41 per hour.

3. Do salaries differ significantly between departments at Vergas State Bank?

Yes, salaries often differ between departments at Vergas State Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Vergas State Bank?

Experience level is a significant factor in determining salary at Vergas 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.

5. How can I determine if a salary offer from Vergas State Bank in Minneapolis is fair given the local cost of living?

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

6. What factors influence salary increases at Vergas State Bank?

Salary increases at Vergas State Bank are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning