Putnam Bank Salary

Putnam Bank Salary

How much does the Putnam Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Putnam Bank in the United States is $101,451. This translates to an approximate hourly wage of $49. Salaries at Putnam Bank typically range from $88,941 to $115,074 annually, reflecting the diverse roles and experience levels within the company. Putnam 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 Putnam Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Putnam 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 Putnam Bank

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

Is Putnam Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Putnam 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)
Putnam Bank
Financial Services
Macquarie Global Infrastructure Total Return Fund Inc
Borel Private Bank & Trust Co
Industry Comparison
Our data shows that, on average, compensation at Putnam Bank is below the average for the U.S. Financial Services industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Putnam Bank average annual salary with several similar companies. Putnam Bank average salary of $101,451 is lower than Macquarie Global Infrastructure Total Return Fund Inc, which has an average salary of $113,454. It is lower than Borel Private Bank & Trust Co, with their average salary at $117,093. This places Putnam 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 Putnam Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Putnam Bank

Considering a career at Putnam 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.
Challenging projects with great learning potential. Recognition is specific and meaningful. Work-life balance depends on project deadlines. Change management is handled transparently. The technology and tools provided are up-to-date.
Commented in March 06, 2025
21
0
Communication between departments sometimes lacks clarity in projects. Training is engaging and relevant to daily work. That makes it easier to stay motivated and proud of the work we do every day. I’m proud to be part of such a reputable organization. The supportive management style and emphasis on teamwork make this an outstanding workplace.
Commented in November 10, 2024
12
2
We're encouraged to think outside the box to find the best financial solutions for our clients. Problem-solving approaches are constructive. The company encourages transparency, and collaboration is strong. Sick time can be used for mental health. One of the few places where both performance and values are equally important. I’ve had access to great training programs and mentorship.
Commented in June 25, 2024
11
3
Great leadership team. The commitment to employee development and continuous learning is outstanding, offering numerous avenues for professional growth in a complex industry. The work is fast-paced but rewarding, and management encourages both innovation and a healthy work-life balance. I’ve never felt more aligned with an organization’s mission and values.
Commented in January 17, 2024
16
0

Putnam Bank Overview

Website
www.putnambank.com
Founded In
1862
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
40 Main St Putnam Connecticut CT 06260
Revenue
$10 Million - $50 Million
Phone Number
+1 8003774424
Social Media
About Putnam Bank
PB Bancorp, Inc. operates as the holding company of Putnam Bank that provides various banking products and services to individuals and small business customers primarily in Connecticut. It offers a range of deposits, including checking, savings, and money market deposit accounts, as well as negotiable order of withdrawal accounts and fixed-term certificates of deposit. The companys loan portfolio

What Benefits Does Putnam Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Putnam 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 Bridgeport?

Understanding the cost of living near Bridgeport is key to truly evaluating a salary offer or your current compensation at Putnam Bank.
Bridgeport's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.9% more than CT average). Largest CT city, more affordable housing than Fairfield County, but overall costs above US avg. GBT bus, Metro-North. When planning your budget based on a salary from Putnam Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Putnam Bank salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 (High heating/electric) Electricity, Heating, Cooling, Water etc.
Public Transportation $63 (GBT 31-day 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,723 - $4,223+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Putnam Bank

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

Putnam Bank pays its employees an average of $101,451 per year. The average salary at Putnam Bank range from $88,941 to $115,074 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 Putnam Bank employees get a higher salary than its peer company?

The salary at Putnam Bank is lesser than its peer company. The average annual salary at Putnam Bank is $101,451, or an hourly wage of $49, in comparison to Macquarie Global Infrastructure Total Return Fund Inc which pays $113,454 per year or $55 per hour.

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

The higher-paying job at Putnam Bank, according to our data, include Director, Information Technology (avg. $189,699 per year), Branch Manager (avg. $69,172 per year), and Assistant Branch Manager (avg. $50,176 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

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

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

Yes, it's very likely that salaries at Putnam 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 Bridgeport section provides more context.

6. Does Putnam Bank offer good benefits?

Putnam 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 Putnam Bank" section on this page.

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