Colonial BancGroup Reviews

2.7
Recommend to a friend
Approve of CEO
(no image)
Bobby Lowder
3 Ratings
  • Typical for a bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President/Branch Manager in Las Vegas, NV
    Former Employee - Vice President/Branch Manager in Las Vegas, NV

    I worked at Colonial BancGroup full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Benefits comparable to most banks, pay was slightly better but bonus was not as good.

    Cons

    Constant turnover in management presented many challenges. Goals were changed quarter to quarter so it was nearly impossible to gain momentum with sales as the focus was constantly shifting.


Colonial BancGroup Interviews

Interview Experience

Interview Experience

100%
0%
0%

Getting an Interview

Getting an Interview

100%

Interview Difficulty

3.0
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Investment Consultant Interview

    Anonymous Interview Candidate
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied in-person. The process took 2 weeksinterviewed at Colonial BancGroup in July 2008.

    Interview

    I submitted resume to sales manager. He invited me in for one on one. There were other interviews with regional managers on the bank side and the whole process including background check took about 2 weeks before Ianded the position.

    Interview Questions

    • Why would you be a good fit for our company   1 Answer

    Negotiation

    Not much negotiation. I would advise others to meet with branch manager and inquire about turnover. That would be standard for any bank you interview with. Most important is that you click with the people you work alongside with like tellers, branch manager, and new accounts reps given those are the folks who refer business to you.

Colonial BancGroup Awards & Accolades

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Additional Info

Unlock Profile
Website www.colonialbank.com
Headquarters Montgomery, AL
Size 1000 to 5000 Employees
Founded Unknown
Type Company - Public
Industry Unknown
Revenue $500 million to $1 billion (USD) per year

The Colonial BancGroup is colonizing the South. The company owns Colonial Bank, which operates about 340 branches mostly in Florida, but also in Alabama, Georgia, Nevada, and Texas. It offers such standard banking fare as checking and savings accounts, CDs, and credit cards, in addition to insurance and investment products. Other nonbanking services include trust, discount brokerage, and asset management. The bank's lending activities primarily consist of real estate loans, with construction loans and commercial mortgages each accounting for around a third of the company's... More

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