Merit Bank Salary

Merit Bank Salary

How much does the Merit Bank Pay for employees?

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 Merit Bank in the United States is $82,749. This translates to an approximate hourly wage of $40. Salaries at Merit Bank typically range from $72,584 to $93,759 annually, reflecting the diverse roles and experience levels within the company. Merit 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 Merit Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Merit 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 Merit Bank

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

Is Merit Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Merit 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
120k
90k
60k
30k
0
Average Salary ($/year)
Merit Bank
Financial Services
BBP Bank
Homeseed Mann Mortgage LLC
Industry Comparison
Our data shows that, on average, compensation at Merit Bank is below the average for the U.S. Financial Services industry by approximately 32%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Merit Bank average annual salary with several similar companies. Merit Bank average salary of $82,749 is lower than BBP Bank, which has an average salary of $88,371. It is lower than Homeseed Mann Mortgage LLC, with their average salary at $97,147. This places Merit 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 Merit Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Merit Bank

Considering a career at Merit 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.
Leadership communicates a clear vision, ensuring everyone is aligned with company goals. Financial companies can be rigid, but this one balances structure with creativity. Communication and collaboration fluctuate by department. Management listens, feedback matters, and collaboration is genuine. Working here has exceeded my expectations.
Commented in March 21, 2025
31
0
A lot of financial companies feel cold, but this one is refreshingly human. Positive work-life balance and flexible scheduling. Training programs exist but vary in quality by team. I feel truly valued as an employee here. The company’s stability and growth prospects make it a great place to build a career.
Commented in October 26, 2024
12
2
Inclusive and respectful workplace. It’s a steady role for those who value routine over fast-paced or creative job functions. The environment is inclusive and professional. The focus is on business needs rather than penny-pinching. The company’s focus on employee development and ethical financial practices sets it apart. Supportive team and great leadership.
Commented in June 10, 2024
19
0

Merit Bank Overview

Website
www.meritbank.com
Founded In
2019
Employees
<25 employees
Industry
Financial Services
Headquarter Address
659 Gallatin St SW Huntsville Alabama AL 35801
Revenue
<$5 Million
Phone Number
+1 2566928700
Social Media
About Merit Bank
Merit Bank, a subsidiary of Merit Bancorporation, was formed in 2019 and is headquartered in Huntsville, Alabama. Merit Bank is a full-service bank specializing in commercial and agricultural lending, cash management and small business banking.

What Benefits Does Merit Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Merit 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 Merit 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 Huntsville?

Understanding the cost of living near Huntsville is key to truly evaluating a salary offer or your current compensation at Merit Bank.
Huntsville's Cost of Living Index is approximately 85.9 (14.1% less expensive than US average; 4.4% more than AL average). Higher cost within AL due to stronger housing demand (tech hub). When planning your budget based on a salary from Merit Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Merit Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 - $50 (Shuttle Bus) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $300 - $600+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,080 - $3,550+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Merit Bank

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

Merit Bank pays its employees an average of $82,749 per year. The average salary at Merit Bank range from $72,584 to $93,759 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 Merit Bank employees get a higher salary than its peer company?

The salary at Merit Bank is lesser than its peer company. The average annual salary at Merit Bank is $82,749, or an hourly wage of $40, in comparison to BBP Bank which pays $88,371 per year or $42 per hour.

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

The higher-paying job at Merit Bank, according to our data, include Chief Operating Officer (avg. $373,672 per year), Executive Vice President (avg. $243,741 per year), and Credit Officer (avg. $182,631 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

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

Salary progression with years of experience at Merit 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 Merit Bank vary by office location?

Yes, it's very likely that salaries at Merit 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 Huntsville section provides more context.

6. Does Merit Bank offer good benefits?

Merit 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 Merit Bank" section on this page.

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