Prosperity Bank

  www.prosperitybanktx.com
  www.prosperitybanktx.com

Prosperity Bank Jobs & Careers

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Show:  All Results Last 7 Days
30+ days ago

Letter of Credit Specialist (Full-Time) - OKC

Prosperity Bank Oklahoma City, OK

/ESSENTIAL FUNCTIONS * Keeping current with policies and procedures governing international/export letters of credit, international documentary… Beyond.com


30+ days ago

Senior Internal Auditor

Prosperity Bank Sugar Land, TX +3 locations

include reviewing the effectiveness and efficiency of financial and operational processes and internal controls to determine compliance with Bank… Beyond.com


25 days ago

Senior Network Engineer (Full-time)- Lubbock/Q

Prosperity Bank Lubbock, TX

We are looking for a Systems Engineer to work with the technology team at Prosperity Bank. This position is for a senior level candidate with… Beyond.com


30 days ago

Electronic Banking Specialist/Debit Cards (Full-time)-Lubbock/Ave Q

Prosperity Bank Lubbock, TX

include: * All associated debit card maintenance for cardholders. * All related activities/efforts in mitigating Debit Card Fraud. * Process… Beyond.com


30+ days ago

Commercial Lender - (Full-Time) Dallas Market

Prosperity Bank Dallas, TX

**MUST HAVE COMMERCIAL LENDING EXPERIENCE AND PORTFOLIO WITH LOCAL CONTACTS. ** Responsible for receiving, reviewing, and evaluating commercial loan… Beyond.com


30+ days ago

Loan Operations-Real Estate Document Loan Processor- OKC

Prosperity Bank Oklahoma City, OK

**Position Purpose:** Responsible for accurately processing all loan transactions on the mainframe to include new and renewed loans, payments… Beyond.com


30+ days ago

Financial Modeler (Full-Time) - Sugar Land Corporate

Prosperity Bank Sugar Land, TX

* An advanced degree (MS or PhD) in statistics, econometrics, quantitative finance, decision science, or operations research * 2+ years of experience… Beyond.com


30+ days ago

Commercial Lender (Full-Time) - Houston Market

Prosperity Bank Houston, TX

Responsible for receiving, reviewing, and evaluating commercial loan requests. Meets with applicants to explain credit policies and to obtain loan… Beyond.com


30+ days ago

Appraisal Review Officer (Full-Time) - Dallas/Kiest

Prosperity Bank Dallas, TX

POSITION PURPOSE Responsible for risk-based review all appraisals ordered for Bank using the Interagency Guidance of Appraisal Guidelines and… Beyond.com


25 days ago

Senior Network Engineer (Full-time)- Sugar Land/Corporate

Prosperity Bank Sugar Land, TX

** We are looking for a Systems Engineer to work with the technology team at Prosperity Bank. This position is for a senior level candidate with… Beyond.com


Prosperity Bank Reviews

29 Reviews
2.9
29 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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David Zalman
9 Ratings
  1.  

    Management focused on acquisitions and expenses, not customers or employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President/Lender in Dallas, TX
    Current Employee - Vice President/Lender in Dallas, TX

    I have been working at Prosperity Bank full-time (less than an year)

    Pros

    The 401k match is well above average, although so are the 401k administrative and fund fees. The loan rates are competitive. The website is decent, and the "popmoney" money transfer feature and other customer options are beneficial.

    There is no formal incentive program for loan officers and therefore not much sales pressure; there is also not much volume at many branches and not much in the way of goals there either. Because of constant turnover after the frequent acquisitions, Prosperity rarely does layoffs.

    Cons

    Senior management prides itself on having the lowest efficiency ratio in the industry, which means by definition this is the cheapest bank in America. Since 40% of executive incentive pay is based on keeping this ratio low, and the CEO bragged on an earnings call recently that he'd make employees bring their own toilet paper to work if he could get away with it. This mindset is the root from which all the other "cons" stem. Beyond general irritants such as no coffee or water allowed for clients in the branches, no maternity leave or short term disability, and no maintenance for branches which look ever more dilapidated, the ability of employees to do their job is compromised by some cost savings efforts:

    Investments in technology are delayed until critical, meaning not only are certain systems outdated or non-existent, but we don't have enough servers and the system crashes or freezes on a regular basis.

    Salaries are low, and there is no formal incentive plan for lenders. Bonuses are low and discretionary, so workers with ambition or skill move on to other employers, leaving Prosperity with more complacent and/or less competent employees who are overworked and underpaid (with the exception of many lenders and managers who were strong-armed into signing long term contracts during acquisitions). Most support centers (HR, IT, loan operations) are severely understaffed, and approved salaries for new positions are so low that lending teams are forced to hire from within and promote those with no lending experience rather than recruit good talent.

    The company is still run like a $150MM old boys club community bank. From a shareholder perspective things have worked out so far, and as long as the regulators don't prevent new acquisitions it may continue. Management's strategy is to out-grow the attrition of workers and the runoff off customers by buying more banks rather than investing in existing staff and systems and growing loans or fees organically. They are open about this. All our rules and loan policy are organized around making sure the bank can continue to be allowed to make acquisitions - there is literally no talk of gaining market share, retaining customers, offering competitive products, or organic loan growth. One can only assume their ultimate goal is to sell the company to a larger competitor.

    Advice to ManagementAdvice

    Start thinking about selling before things unravel internally, and/or start investing in better systems and retaining/recruiting quality employees. We need an incentive plan if you ever want organic growth; we need better staffed support centers, and we need modern (non email- and Excel-based) approval procedures.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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