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Gorham Savings Bank Salary

Gorham Savings Bank Salary

How much does the Gorham Savings Bank Pay for employees?

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As of August 2026, the average hourly salary for employees at Gorham Savings Bank in the United States is $46. This translates to an approximate annual wage of $96,324. Salaries at Gorham Savings Bank typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company. Gorham Savings Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
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.

How Much Does Gorham Savings Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Gorham Savings Bank. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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.
How accurate does the salary look to you?

Current Job Openings at Gorham Savings Bank

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

Is Gorham Savings Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Gorham Savings Bank’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
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Average Salary ($/year)
Gorham Savings Bank
Financial Services
Mapfre Puerto Rico
Sterling Savings Bank
Industry Comparison
Our data shows that, on average, compensation at Gorham Savings Bank is below the average for the U.S. Financial Services industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Gorham Savings Bank average annual salary with several similar companies. Gorham Savings Bank average salary of $96,324 is lower than Mapfre Puerto Rico, which has an average salary of $96,926. It is higher than Sterling Savings Bank, with their average salary at $93,160. This places Gorham Savings Bank in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Companies Similar to Gorham Savings Bank and Their Hourly Pay Rates

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

Employee Reviews: Working at Gorham Savings Bank

Considering a career at Gorham Savings 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.
While the environment is generally respectful, there’s room to improve recognition and cross-functional collaboration. Communication is consistent, though mostly top-down. The company regularly benchmarks offerings against industry leaders. Job expectations are transparent, and tools are adequate for the work.
Commented in March 29, 2025
43
2
Team-oriented culture fosters strong collaboration. The process feels designed to help employees succeed. Processes are clear but inflexible. It’s inspiring to work for a financial institution that truly walks the talk when it comes to DEI. I enjoy the supportive team culture and open communication here. It’s been one of the best professional experiences of my career. Competitive salary and benefi...
Commented in February 21, 2025
16
2
Communication between departments could be improved to enhance collaboration. Internal communication is okay, but feedback is rarely implemented. Time limits are enforced. Managers are supportive and accessible.
Commented in July 12, 2024
34
1
Management recognizes and rewards effort. Ethical values guide daily operations. Leadership values results but lacks approachability. They really consider what employees need for security and peace of mind these days.
Commented in March 13, 2024
17
0

Gorham Savings Bank Overview

Website
www.gorhamsavings.bank
Founded In
1868
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Address
64 Main St Gorham Maine ME 04038
Revenue
$10 Million - $50 Million
Phone Number
+1 2078394450
Social Media
About Gorham Savings Bank
Founded in 1868, Gorham Savings Bank is a depositor-owned community bank that delivers various financial services, personal or business. With multiple locations, Gorham Savings Bank is based out of Gorham, Maine.

What Benefits Does Gorham Savings Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Gorham Savings 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 Portland?

Understanding the cost of living near Portland is key to truly evaluating a salary offer or your current compensation at Gorham Savings Bank.
Portland's Cost of Living Index is approximately 110.8 (10.8% more expensive than US average; 9.2% more than ME average). Largest ME city, popular, foodie scene, housing costs significantly above ME avg. METRO bus, ferry. When planning your budget based on a salary from Gorham Savings Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Gorham Savings Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (METRO monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,085 - $4,855+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Gorham Savings Bank

1. What is the estimated average total compensation at Gorham Savings Bank?

Salary.com estimates that the average total compensation package at Gorham Savings Bank, which can include base salary, potential bonuses, and benefits, is around $46 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Gorham Savings Bank pay compared to Mapfre Puerto Rico?

The average annual salary at Gorham Savings Bank is $96,324, or an hourly wage of $46, in comparison to Mapfre Puerto Rico which pays $96,926 per year or $47 per hour.

3. Do salaries differ significantly between departments at Gorham Savings Bank?

Yes, salaries often differ between departments at Gorham Savings 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Gorham Savings Bank?

Salary progression from an entry-level to a senior role at Gorham Savings Bank can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Gorham Savings Bank in Portland is fair given the local cost of living?

To determine if a salary offer from Gorham Savings Bank in Portland is fair, first compare the gross salary to our data for similar roles at Gorham Savings Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Portland" to understand its purchasing power.

6. Are promotions at Gorham Savings Bank usually accompanied by a significant salary increase?

Yes, promotions at Gorham Savings Bank are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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