Merchants Bank Salary

Merchants Bank Salary

How much does the Merchants Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Merchants Bank in the United States is $98,212. This translates to an approximate hourly wage of $47. Salaries at Merchants Bank typically range from $86,046 to $111,489 annually, reflecting the diverse roles and experience levels within the company. Merchants 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 Merchants Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Merchants 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 Merchants Bank

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

Is Merchants Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Merchants Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
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90k
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30k
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Average Salary ($/year)
Merchants Bank
Financial Services
First Mortgage Solutions LLC
Banque Saudi Fransi
Industry Comparison
Our data shows that, on average, compensation at Merchants Bank is below the average for the U.S. Financial Services industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Merchants Bank average annual salary with several similar companies. Merchants Bank average salary of $98,212 is lower than First Mortgage Solutions LLC, which has an average salary of $104,003. It is lower than Banque Saudi Fransi, with their average salary at $106,545. This places Merchants Bank in a developing 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.

How Merchants Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Merchants Bank

Considering a career at Merchants 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.
This forward-thinking approach keeps us at the forefront of financial technology, providing exciting challenges and opportunities to work with state-of-the-art tools. The opportunity to learn from seasoned professionals and contribute to high-stakes financial decisions makes this a truly rewarding environment for anyone passionate about finance. Goals are achievable, and coworkers are respectful. ...
Commented in May 09, 2025
43
0
Goals align with both company objectives and personal growth. The resources available for professional growth are outstanding, from certifications to leadership programs. Important updates come through multiple channels. Leadership is accessible and promotes a positive, transparent work environment. Working has been an exceptional experience. Employees seeking stability and a clear framework will ...
Commented in August 30, 2024
15
1
Little innovation but solid execution. Employees understand how their role contributes. Advancement is possible.
Commented in February 10, 2024
26
0

Merchants Bank Overview

Website
www.merchantsbank.com
Founded In
Data pending, update soon.
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Address
102 E 3rd St Winona Minnesota MN 55987
Revenue
$50 Million - $200 Million
Phone Number
+1 8009446285
Social Media
About Merchants Bank
Founded in 1849 and headquartered in Winona, Minnesota, Merchants Bank provides general and business banking services.

What Benefits Does Merchants Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Merchants 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 Rochester?

Understanding the cost of living near Rochester is key to truly evaluating a salary offer or your current compensation at Merchants Bank.
Rochester's Cost of Living Index is approximately 98.2 (1.8% less expensive than US average; 1.1% more than MN average). Home to Mayo Clinic, housing near US avg. RPT. When planning your budget based on a salary from Merchants Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Merchants Bank salary. Location choices impact this heavily.
Utilities (Basic) $120 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (RPT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,450 - $3,850+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Merchants Bank

1. How much does Merchants Bank in the United States pay?

Merchants Bank pays its employees an average of $98,212 per year. The average salary at Merchants Bank range from $86,046 to $111,489 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. Do Merchants Bank employees get a higher salary than its peer company?

The salary at Merchants Bank is lesser than its peer company. The average annual salary at Merchants Bank is $98,212, or an hourly wage of $47, in comparison to First Mortgage Solutions LLC which pays $104,003 per year or $50 per hour.

3. What are the highest paying jobs at Merchants Bank?

The higher-paying job at Merchants Bank, according to our data, include President (avg. $760,250 per year), President & Chief Executive Officer (avg. $760,250 per year), and Chief Financial Officer (avg. $396,361 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Merchants Bank?

Salary progression with years of experience at Merchants Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Merchants Bank vary by office location?

Yes, it's very likely that salaries at Merchants Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Rochester section provides more context.

6. Does Merchants Bank offer good benefits?

Merchants Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Merchants Bank" section on this page.

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