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State Financial Bank Salary

State Financial Bank Salary

How much does the State Financial Bank Pay for employees?

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As of September 2026, the average annual salary for employees at State Financial Bank in the United States is $99,035. This translates to an approximate hourly wage of $48. Salaries at State Financial Bank typically range from $86,797 to $112,342 annually, reflecting the diverse roles and experience levels within the company. State Financial 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.
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Current Job Openings at State Financial Bank

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

How does State Financial 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
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Average Salary ($/year)
State Financial Bank
Financial Services
Bank Lions Auxiliary Inc
State Banks Inc
Industry Comparison
Our data shows that, on average, compensation at State Financial Bank is below the average for the U.S. Financial Services industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared State Financial Bank average annual salary with several similar companies. State Financial Bank average salary of $99,035 is higher than Bank Lions Auxiliary Inc, which has an average salary of $98,687. It is higher than State Banks Inc, with their average salary at $90,723. This places State Financial Bank in a competitive position among its peers.
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How State Financial Bank's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at State Financial Bank

Considering a career at State Financial 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.
Processes are well defined but can hinder flexibility and innovation. Compensation is competitive, and bonuses reflect both individual and company performance. Strong focus on employee development. Career development is prioritized at all levels, with many leaders having grown internally.
Commented in May 16, 2025
20
0
Team-oriented culture fosters strong collaboration. With employees, there’s a rich mix of backgrounds, perspectives, and ideas. The leadership team is ethical, focused, and genuinely interested in long-term success. Regular training programs enhance skills and knowledge. Competitive salary and excellent benefits make it a great workplace. Strong emphasis on process and accuracy. It’s not a bad set...
Commented in July 03, 2024
18
0
Management is approachable and invests in employee growth through regular training and mentoring. Collaboration is present and it is somehow encouraged beyond necessity. The culture is dynamic but grounded in strong professional values.
Commented in January 31, 2024
20
1

State Financial Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
1 S Genesee St Waukegan Illinois IL 60085
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About State Financial Bank
State Financial Bank is a company that operates in the Financial Services industry. It employs 51-100 people and has $100M-$250M of revenue. The company is headquartered in Waukegan, Illinois.

What Benefits Does State Financial Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. State Financial 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 Waukegan?

Understanding the cost of living near Waukegan is key to truly evaluating a salary offer or your current compensation at State Financial Bank.
Waukegan's Cost of Living Index is approximately 92.5 (7.5% less expensive than US average; 1.4% less than IL average). Lake County city north of Chicago, more affordable housing. Pace bus, Metra rail. When planning your budget based on a salary from State Financial Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of State Financial Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace/Metra (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,600+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of State Financial Bank

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

State Financial Bank pays its employees an average of $99,035 per year. The average salary at State Financial Bank range from $86,797 to $112,342 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 State Financial Bank employees get a higher salary than its peer company?

The salary at State Financial Bank is higher than its peer company. The average annual salary at State Financial Bank is $99,035, or an hourly wage of $48, in comparison to Bank Lions Auxiliary Inc which pays $98,687 per year or $47 per hour.

3. How much does salary increase with years of experience at State Financial Bank?

Salary progression with years of experience at State Financial 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.

4. Do salaries at State Financial Bank vary by office location?

Yes, it's very likely that salaries at State Financial 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 Waukegan section provides more context.

5. Does State Financial Bank offer good benefits?

State Financial 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 State Financial Bank" section on this page.

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