AmTrust Bank
3.0 of 5 17 reviews
www.amtrust.com Cleveland, OH 1000 to 5000 Employees

AmTrust Bank Reviews in Cleveland, OH

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2.6 9 reviews

                       

33% Approve of the CEO

AmTrust Bank President and CEO Robert Goldberg

Robert Goldberg

(6 ratings)

29% of employees recommend this company to a friend
9 Employee Reviews Back to all reviews
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    Great Work-Life Balance

    Senior Technical Writer (Current Employee)
    Cleveland, OH

    ProsAmTrust's HR department (and executive management) promoted work-life balance beyond lip-service, it was reality there. There were also many opportunities for professional development.

    ConsAs a family-owned business, nepotism sometimes created an environment that allowed for incompetence in management. Too often, I found myself in large project meetings where heated discussion got out of control and was allowed to continue. And when someone proposed what seemed to be carefully thought out/brilliant solutions, pride of management often got in the way of accomplishing the goal in the most ethical and financially viable manner.

    Advice to Senior ManagementIf you had allowed me to telecommute after my move, you wouldn't have found yourselves in the mess you had months later with the OTS. You didn't place enough value in documentation and process improvement. Effective GRC is critical to a financial institution's survival, I suggest you consider http://easy2comply.com as a GRC management solution.

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    horrible work environment

    Software Engineer I (Current Employee)
    Cleveland, OH

    Prosonly pros would be you will get to learn something because you are thrown in

    Conseverything about the managment. it totally sucks.

    Advice to Senior Managementhire some people who like to do their job and not just pass their time

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    1 person found this helpful  

    Promoted the wrong people

    Anonymous Employee (Former Employee)
    Cleveland, OH

    Prosthere were no postives here

    Conspoor management structure and lack of reality

    Advice to Senior ManagementMost management has been removed by the Fed

    No, I would not recommend this company to a friend

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    Caught in the middle

    Learning and Performance Manager (Former Employee)
    Cleveland, OH

    ProsThe bank's entreprenuerial spirit continues and they are willing to try new things. Long history of providing excellent service.

    ConsAs the bank grew, they needed to recognize that you can't be that big and still act like a start-up mom & pop bank. The family runs everything. You had 20 somethings running a multi-billion dollar bank. Doesn't work. They don't have the expierence. Experience doesn't pass through the gene pool. Get the right talent to manage the bank or it is doomed. And pay your people what they are worth.

    Advice to Senior ManagementGet a senior leadership team that has proven experience in their fields.

    No, I would not recommend this company to a friend

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    AmTrust Bank

    Anonymous Employee (Current Employee)
    Cleveland, OH

    ProsAmTrust Bank does make an effort to promote work/life balance, allowing flexible and compressed schedules when feasible. Their "unlimited" absence policy means that if you truly have a need to miss work, you can do so without fear of reprisal.

    Also, the individuals I have worked with throughout the bank have generally been highly competent professionals, who are friendly and knowledgeable. People are usually willing to work together and keep a positive attitude.

    ConsAmTrust Bank is a struggling institution, so deep cuts have been made to the benefits package. Many jobs have been cut and, generally, salaries are frozen. The long term future of the bank is at this time uncertain, which has led to a loss of morale within the workforce.

    The opportunities for growth and advancement are extremely limited; in general, the desired candidates are approached directly about internal openings. The bank does not have funds in its budget to fund educational experiences for the staff, such as external seminars or classes.

    Advice to Senior ManagementThe senior level of management has eroded some of the goodwill and trust of its employees by initially failing to acknowledge its quite severe financial problems.

    No, I would not recommend this company to a friend

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    Good place to work, the company really balances personal and work life.

    Anonymous Employee (Former Employee)
    Cleveland, OH

    ProsNot too stressful, very flexible as far as work hours and working from home, they really understand work and personal life balance.

    ConsNot much opportunity for moving up the corporate ladder because managers tend to stay for a long time. If your looking for fast promotions, look elsewhere. If you are looking for a good stable company that cares about its employees then give them a chance.

    Advice to Senior ManagementI think management is doing a good job during these tough times, those who stick it out will benefit in the long run.

    Yes, I would recommend this company to a friend

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    It's Time to Clean House, starting with your family.

    Business Analyst (Former Employee)
    Cleveland, OH

    ProsThey won't be in existance much longer so they are allowing customers to break contracts and cash in their CDs without penalty.

    ConsSr. Management drove the bank into the ground and is now in trouble with the OTS. The Friends and Family Plan prevails. Instead of laying off people who know what they are doing, take a look at the high salaried people in the glass offices and ask how they will get us out of this mess. Many projects are duplicated because Sr. Management can't decide which direction they want to head in that day. There is no planning.

    Advice to Senior ManagementPay attention to what is going on. Talk to all of the employees, not just those that give you answers that you want to hear.

    No, I would not recommend this company to a friend

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    Slow down Amtrust

    Senior Mortgage Banking Specialist (Current Employee)
    Cleveland, OH

    ProsIf you have no experiance what so ever it's a good place to "get your feet wet".

    ConsUnless your last name is Goldberg or you are friends with the Goldbergs you will not advance nor will you receive a fair salary compared to other banks in the region.

    Advice to Senior ManagementSometimes you have to take a step back before you can move forward. Robert Goldberg did a fantastic job running that bank, but since Peter has been in charge things have soured. You don't go from 13 to 30 overnight, you have to take time to grow. This bank is trying to grow up too fast. Take a step back, slow down, get all your ducks in a row and then worry about growing up!

    No, I would not recommend this company to a friend

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    Great place to start your career

    Anonymous Employee (Former Employee)
    Cleveland, OH

    ProsIt's a great place to work - flat management structure, working with smart people, flexible in decisoin making and their implementations, great life-balance work environment.

    ConsLow compensation compared to the rest of the market

    Advice to Senior ManagementN/A

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at AmTrust Bank reviews and ratings in Cleveland, OH — including employee satisfaction and approval rating for AmTrust Bank CEO Robert Goldberg. All 9 reviews posted anonymously by AmTrust Bank employees.