Admirals Bank

www.admiralsbank.com

Admirals Bank Reviews

Updated December 31, 2014
Updated December 31, 2014
10 Reviews
3.1
10 Reviews
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Nicholas W. Lazares
5 Ratings

Employee Reviews

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  1.  

    Great work atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

    I worked at Admirals Bank full-time (less than a year)

    Pros

    Friendly, knowledgeable people willing to assist

    Cons

    A long commute to work

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Form over function

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

    I worked at Admirals Bank full-time (more than 3 years)

    Pros

    nice offices, good locations Nice parties

    Cons

    Senior management tends to favor the flavor of the month, both in company direction and favored employees. Some employees could do no wrong for a few months and then management changed direction and that former star was now dirt. Management, like the offices, tends towards form or appearance over function or actually getting the work done.

    Advice to ManagementAdvice

    Pick a direction and stick with it for more than a few weeks. Spend less on lavish parties and more on employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Great Coworkers, Terrible Upper Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Advisor in Providence, RI
    Former Employee - Loan Advisor in Providence, RI

    I worked at Admirals Bank (more than a year)

    Pros

    Great Employees, Learn a lot about sales

    Cons

    Failing Bank, training, you need to put in a lottttt of hours in order to be sort of successful, the upper management

    Advice to ManagementAdvice

    Try to care for your employees. They don't acknowledge the pro's of any employees. This creates a terrible working environment and a huge turnover ratio.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Started out great, then went downhill from there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Collections Representative in Providence, RI
    Former Employee - Collections Representative in Providence, RI

    I worked at Admirals Bank full-time (more than a year)

    Pros

    Perks: Monthly Bonus $500-$1500, Great parties, Christmas at the Biltmore, Summer parties Newport,
    Leadership: 2 managers, 2 different approaches, First manager was more relaxed, and would step in and help out, whether on the phones or submitting HUD claims. The 2nd, after the 1st one was promoted, was very knowledgeable, 30+ years in collections related fields. But, he was a meticulous manager who reviewed accounts down to every detail.

    Cons

    Deceptive management, at least within the Collections Department, and questionable actions and bias. I think racism was huge there, to the point where certain people who were of the same race received favorable conditions, to surf the net, come in late, play on the cell phones, and the rest of the department of another race would get called for just having it out. Case in point, Had been working on an account where a dealership failed fully payoff a trade in. Could not reach the GM, Subsequently, I went on vacation, and received the call from the GM to my cell phone. Called the manager to let him know that I had received the call, we were told not to give out personal information. Upon my return, I was drilled and basically called a liar when I advised the manager, I did not give the GM cell phone number. He did not believe, but my co-worker(different race than me) admitted she gave GM my number. He politely told her "you know better" they both smiled and it was over. After she left, he told me I dodge a bullet and reinforced his position and that I should not give my personal phone number to anyone. Company Values, I believe that Admiral's Bank as whole strives to be a leader in banking and home improvement loans, they put out a good product overall.

    Advice to ManagementAdvice

    I am no longer there, and have no comment

    Doesn't Recommend
    Negative Outlook
  6.  

    A living nightmare....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous in Providence, RI
    Former Employee - Anonymous in Providence, RI

    I worked at Admirals Bank full-time (more than 5 years)

    Pros

    Location and that's about it

    Cons

    Unstable company, seems like every few months there's a different direction for the bank; this results in numerous layoffs. You never know when you're walking into work just to be let go or fired. It's like walking on egg shells in this place.

    Employee moral is at an all time low.

    There's a lot of favoritism within this bank, a lot of the employees are some how connected to the CEO whether it be family or friends.

    Some of the most stuck up people work for this company.

    Lack of training, you basically have to just wing it and no one will question what you do because they're not even sure how to do it.

    Advice to ManagementAdvice

    Find a new place of employment, you can't count on Admirals Bank; longevity is not in their vocabulary.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Admirals Bank Helped me Advance in my Career

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

    I worked at Admirals Bank full-time (more than 3 years)

    Pros

    Admirals Bank is an innovative and progressive company that offers numerous opportunities for advancement. Management provided me with all of the resources necessary to be successful. Admirals Bank also provided me with an excellent working environment in one of the most luxurious offices I have ever seen.

    Cons

    The parking garage was a little tight for my SUV.

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Fun & unique company to work for.

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

    I have been working at Admirals Bank full-time (more than 5 years)

    Pros

    Working at Admirals is like joining a new family. The great atmosphere, stunning workspace, and friendly colleagues are all things that make me look forward to coming to work every day. The Senior Management team is comprised of approachable individuals who value your input. This is a great place to work and I highly recommend it to all self-driven, hardworking, and enthusiastic individuals.

    Cons

    Admirals Bank is a fast growing company so employees must be agile to keep up with the pace.

    Advice to ManagementAdvice

    You're doing a great job. Every member of the Senior Management team is very inspiring and are all great leaders.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Offers the highest level of service to our current and prospective customers

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

    I have been working at Admirals Bank full-time (less than a year)

    Pros

    It is a place that brings together smart, talented, driven people from diverse backgrounds. Deemed "...the best concierge service bank in Boston".

    Cons

    Limited and specific career openings

    Recommends
    Positive Outlook
  10. 1 person found this helpful  

    Don't do it!!

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

    I worked at Admirals Bank

    Pros

    Pros: growing bank, trying to fit with it's own niche in the banking world. small company, decent pay and benefits

    Cons

    Cons: Unstable organizational structure, (deck of cards ready to crumble). Constant job change, don't be surprised if you have a completely different job title 2 weeks after getting hired. If you can deal with unstable senior management, miserable fellow employees and an overall feeling you're next to get the axe, then this is the place for you.

    Advice to ManagementAdvice

    Learn the meaning of leadership. It's very important when trying to build something from the ground up.

    Doesn't Recommend
  11.  

    Admirals Bank is an okay place to work.

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

    I worked at Admirals Bank full-time (more than 3 years)

    Pros

    Typically your business day is moderately paced, and not excessively stressful.

    Cons

    Training is inadequate for many positions. The company must rely on the knowledge of new employees with previous banking experience, or on informal training by fellow associates, which often passes on bad behavior and policies.

    Advice to ManagementAdvice

    Invest in better technology. Customers expect their financial company to keep up.

    Doesn't Recommend
    Neutral Outlook

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