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Sturgis Bank Salary

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Sturgis Bank

Current Job Openings at Sturgis Bank

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Is Sturgis Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Sturgis 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

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Average Salary ($/year)

Sturgis Bank

Financial Services

1303 Frontage Holdings LLC

HCB Financial Corp

Industry Comparison

Our data shows that, on average, compensation at Sturgis Bank is below the average for the U.S. Financial Services industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Sturgis Bank average annual salary with several similar companies. Sturgis Bank average salary of $91,957 is lower than 1303 Frontage Holdings LLC, which has an average salary of $93,075. It is lower than HCB Financial Corp, with their average salary at $92,938. This places Sturgis Bank in a developing position among its peers.

See Your True Competitors

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How Sturgis Bank's Salaries Compare to Similar Companies?

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

1303 Frontage Holdings LLC

$93,075 / year

Salary Range: $81,592 - $105,575

Fort Collins, CO

HCB Financial Corp

$92,938 / year

Salary Range: $81,473 - $105,416

Hastings, MI

New York State Banking Department

$108,486 / year

Salary Range: $95,099 - $123,049

Massapequa, NY

Bank of Botetourt Buchanan VA

$88,983 / year

Salary Range: $78,009 - $100,929

Buchanan, VA

Farmers & Merchants Bank

$90,660 / year

Salary Range: $79,475 - $102,831

Moncks Corner, SC

The Bank of Swifton

$88,941 / year

Salary Range: $77,963 - $100,880

Newport, AR

Bank Branch & No

$115,944 / year

Salary Range: $101,633 - $131,499

New York, NY

Jonesboro Bank

$88,793 / year

Salary Range: $77,835 - $100,709

Marion, AR

Jonesboro Bank

$88,793 / year

Salary Range: $77,835 - $100,709

West Memphis, AR

Employee Reviews: Working at Sturgis Bank

Considering a career at Sturgis 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.

Flexible schedules and remote work options promote a healthy work-life balance. The company is structured and compliant but occasionally rigid. My input is valued, and the team’s synergy is impressive. The company fosters a culture of respect, innovation, and accountability.

Commented in March 21, 2025

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However, innovation employee suggestions aren’t always implemented. Even with employees, there’s a strong sense of alignment, and executives are approachable and communicative. Being part of a team that drives meaningful financial solutions for clients worldwide is both challenging and deeply fulfilling. I'm excited about the company's future and my role within its growth. Great mentoring, excelle...

Commented in March 08, 2025

21

3

The company’s commitment to diversity and inclusion is evident in its policies and everyday practices. While that suits the industry, it sometimes limits experimentation. Great time management tools and clear priorities from management help everyone stay focused.

Commented in March 02, 2025

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Transparency, collaboration, and accountability are prioritized. I'm consistently impressed by the high caliber of my colleagues; everyone is knowledgeable, driven, and dedicated to providing exceptional service to our clients. This environment works well for those who appreciate routine and job security but may frustrate employees seeking dynamic challenges.

Commented in September 30, 2024

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The employees, the scale of impact is immense, yet the culture remains people-focused. Our team dynamic is fantastic; there's a genuine sense of camaraderie and mutual respect that makes collaborating on complex financial solutions enjoyable and effective. The company provides excellent benefits and prioritizes employee wellbeing with wellness programs and flexible schedules. Employees seeking cre...

Commented in February 10, 2024

42

2

What Benefits Does Sturgis Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Sturgis 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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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

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What Is the Cost of Living Near Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Sturgis Bank.

Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Sturgis 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 Sturgis Bank salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$40 (The Rapid monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$380 - $560	Can be higher with more dining out or specialty stores.
Personal & Leisure	$330 - $630+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$360 - $660+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,210 - $3,580+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Sturgis Bank

1. What is the average salary for employees at Sturgis Bank?

The average annual total compensation for employees at Sturgis Bank is approximately $91,957. However, this is an aggregate figure, actual salaries can range significantly, typically from $80,612 to $104,307, depending on factors like job role, experience, and location.

2. How much does Sturgis Bank pay compared to 1303 Frontage Holdings LLC?

The average annual salary at Sturgis Bank is $91,957, or an hourly wage of $44, in comparison to 1303 Frontage Holdings LLC which pays $93,075 per year or $45 per hour.

3. How does having a professional certification impact salary for relevant roles at Sturgis Bank?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Sturgis Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Sturgis Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Grand Rapids?

While some companies offer formal COLA, many, including potentially Sturgis Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Sturgis Bank?

Most companies, likely including Sturgis Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.