Design Highlights
- Todd Morrison and Chad Ackerman have been appointed as new branch managers for Erie in Virginia, reflecting a strategic leadership decision.
- The average salary for branch managers in Virginia is $79,526, highlighting competitive compensation expectations.
- Erie aims to address staffing challenges as community banks shift from seven to three employees per branch.
- New managers will navigate complex salary negotiations and changing employee expectations in the evolving financial landscape.
- This appointment signals Erie’s commitment to retaining skilled management amidst industry challenges and operational risks.
Virginia branch managers have officially been named, and it’s about time someone took a good look at those salaries. Todd Morrison and Chad Ackerman are the new faces of branch management in the state, stepping into roles that come with a fair bit of responsibility—and a paycheck that isn’t exactly jaw-dropping. As of December 2025, the average branch manager in Virginia rakes in about $79,526 a year, with a typical range falling between $67,908 and $83,795 annually. Not bad, right?
But it gets better—or worse, depending on how you look at it. For example, Chase’s branch managers earn an estimated $54,530 per year, which is a whopping 20% below the national average. That’s right, folks. If you’re trying to climb the corporate ladder at Chase, you might just find yourself taking a pay cut. Meanwhile, the average bank branch manager pulls in about $61,688 yearly, or $29.66 an hour. Not exactly the golden ticket.
But hang on—there’s more. Senior branch managers are seeing an average pay of $58,242. That’s like being the elder of the group and still getting the short end of the stick. And let’s not forget the assistant branch ops managers in Manassas, whose salaries range from $50,000 to $70,000.
It’s a mixed bag out there, folks. With 193 job postings in the last three years averaging $75,054, you’d think there’d be some consistency. But no, it’s just a wild ride through the salary jungle. Average salaries can guide expectations during negotiations. Additionally, the highest paying companies for Branch Managers in Virginia can offer impressive salaries, with MAU Workforce Solutions leading the pack at $260,000 per year.
Now, let’s talk job market examples. Beacon Credit Union is looking for a branch manager in Roanoke, and Carter Bank and Trust is hiring in Moneta. Lots of branches, lots of names, and yet the salaries seem to be caught in a time warp. Community banks are feeling the pinch too; they’ve seen staffing decline from seven employees per branch to just over three. That’s a serious drop.
Staff retention is a huge concern, with 68% of surveyed banks ranking it as extremely important. In the grand scheme of things, liquidity pressures are easing, but consumer compliance issues still loom large. E-signatures are becoming the norm, but are they really the solution? With financial institutions facing various operational risks, business insurance costs typically range from $500 to $3,500 annually depending on company size and coverage needs.
The branches are changing, and so are the expectations. The new managers have their work cut for them, balancing pay expectations with the realities of a shifting landscape. Todd and Chad, welcome to the circus.
