1st Source

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1st Source Reviews

Updated July 4, 2014
Updated July 4, 2014
10 Reviews

3.4
10 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
1st Source Chairman, President, and CEO; Chairman and CEO, 1st Source Bank Chris Murphy III
Chris Murphy III
4 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Microsoft Shop, average bank, good employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  South Bend, IN
    Current Employee - Anonymous Employee in South Bend, IN

    Pros

    Good managers, bankers hours normally, Project planning processes that actually work. Provide phones for support personnel. decent hardware to work on.

    Cons

    Never pick the best product / tool, only pick the best Microsoft Product / Tool. Poor communication amongst departments. No work from home policy.

    Advice to ManagementAdvice

    Provide a bottoms-up review of managers to see what's really going on.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Descent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    work with some good people; friendly and easy working environment; flexibility with work and life balance though depending the manager; big on community service

    Cons

    poor benefit, low pay, lack of standard and consistency in giving out "Titles" (officer / AVP / VP) for people working at the customer front vs. backroom support

    Advice to ManagementAdvice

    consolidate departments that perform the same function and eliminate the middle-management if you are serious about lean management

    Recommends
    Positive Outlook
  3.  

    ... not what I expected

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Representative  in  Valparaiso, IN
    Former Employee - Client Service Representative in Valparaiso, IN

    Pros

    Pros: You have the option to opt in for a matched 401k, but you will only ever see the money if you work there a certain amount of time - I believe 5 years?
    They are a small but growing company and do a great job of making you feeling excited to work for the company & like the company cares about you.

    Cons

    Cons: Uninteresting, ridiculous amount of cattiness at work, almost impossible to achieve their incredibly high account opening referrals each month, practically zero compensation for a referral becoming an account - there are about .... 3? impossible to refer accounts that pay maybe 5$ if you manage to get someone to open one. The compensation is laughable for a college grad.... for all the crazy training they make you do & for how sloooowwww (sometimes) or "i'm going insane we are so busy" stressful times - you should practically just get a job at mcdonalds instead. Please don't ever think being a bank teller/personal banker/CSR... whatever fancy word they want to call it - is remotely glamorous, fun, or professional.

    Advice to ManagementAdvice

    Care more about your employees and less about expanding. Do something - ANYTHING!! to get rid of the problematic branch managers who could care less about their jobs and play favorites
    ..... begin to FAIRLY compensate those who do work hard and work with integrity, break up the "impenetrable" climate of cattiness at 90% of the branches, and for goodness sake get rid of the idea that ANY CSR or little peon is going anywhere in the company - the glass ceiling becomes very evident shortly after you start working there.

    Doesn't Recommend
    Neutral Outlook
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  5.  

    Overall good experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great manager,
    great atmosphere,
    Easy work,
    Good hours,
    Nice location

    Cons

    No real advancement opportunities,
    Pay to Park,
    No bonuses

  6. 2 people found this helpful  

    Love it so far

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The people are all very friendly and in a genuine kinda way. Its somewhere that i am achieving my goals and feel like im gaining knowledge daily. I have opportunities for advancement here which I didn't previously have. They are genuinely concerned about their customers needs as opposed to just hitting sales quotas. Very glad I got a job here.

    Cons

    A little less up to date as far as technology compared to other banks, not really a downfall for the customer side, but sometimes makes things harder on the working side. No other flaws I've come across yet.

    Positive Outlook
  7. 1 person found this helpful  

    Enjoyed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - International BPO, Debt Collection Agency
    Current Employee - International BPO, Debt Collection Agency

    Pros

    Dinner offered by company,
    no job timing issues.

    Cons

    no fixed date for salary

    Advice to ManagementAdvice

    needs much more improvement

    Recommends
    Positive Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    1ST Source bank

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    willing to cross train on anything! I have learned so much with this company and they have allowed me to grow as a person and develop my career.

    Cons

    Short staffing is a major frustration with this company. They say that we are over staffed which is not correct and does nothing but stress out to no end.

  9. 1 person found this helpful  

    O.K.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Banking Center Manager
    Current Employee - Banking Center Manager

    Pros

    Decent Work Life Balance
    Financially Strong
    Well known in South Bend

    Cons

    Bottom of the industry in pay
    Management is based on years with bank, many are largely incompetent
    Brand is weak outside of South Bend
    Ultra Conservative
    Light years behind in technology

    Advice to ManagementAdvice

    Figure it out.

    Approves of CEO
  10. 1 person found this helpful  

    Not bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    There are nice people working there.

    Cons

    Not much room for growth.

    Advice to ManagementAdvice

    Develop your employees more.

    No opinion of CEO
  11. 1 person found this helpful  

    Bad benefits, poor communication, underpaid employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    It's a small company, everything is local, people will know your name, most staff can be very pleasant to work with.

    Cons

    Very much a boy's club in upper management, ineffective handling of problem employees, little emphasis on customer service and a hard push on sales, technology is years behind.

    Doesn't Recommend
    Disapproves of CEO

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