American Bank
2.7 of 5 11 reviews
www.pcbanker.com Allentown, PA 16 to 50 Employees

American Bank Reviews

Updated Mar 17, 2014

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2.7 11 reviews

                             

0% Approve of the CEO

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Mark W. Jaindl

(1 ratings)

38% of employees recommend this company to a friend
11 Employee Reviews
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1 person found this helpful  

Decent start out job to make some cash if you are good at it, not a career.

Mortgage Banker (Former Employee)
Columbus, OH

I worked at American Bank full-time

ProsGreat work culture, young, fun atmosphere. Potential to make a lot of money when on commission.

ConsStart off with a dialer/headset. They want you to stay on salary if you are doing well, that way they don't have to pay you, but force you to go on commission if you are not doing well. Basically a sink or swim situation.

Advice to Senior ManagementBe a little more straight forward with how inside sales works, don't blow smoke.

No, I would not recommend this company to a friend

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Worked the Phones all summer

Account Manager (Current Employee)
West Chester, PA

I have been working at American Bank full-time for less than a year

ProsGreat people, they are really nice and kind.

ConsThe work is very tedious. All the time was spent making cold calls to customers who don't want to speak to you.

No, I would not recommend this company to a friend

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BAD.

Loan Officer (Former Employee)
Columbus, OH

I worked at American Bank full-time for more than a year

ProsSeriously None. Hire a recruiter that knows business ethics and that has a degree so future employees arent scammed

ConsRecruiting is very misleading. Told to expect to make 50,000 the first year. Hardly anyone does. Promised a lot of holidays which arent there.

Advice to Senior ManagementRespect your employees with degrees and PAY them!

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If you want to make money, not the place for you

Loan Officer (Current Employee)
Columbus, OH

I have been working at American Bank full-time for less than a year

ProsWish there were some. The title company that the bank is associated with pays for happy hours once every three months which is nice. Free food at a bar every 3 months=awesome perk.

ConsYou are paid commission only after 4 months or so of a base of 30k. The hiring managers will tell you that there are 5-6 bankers making 100k and over which is not true. The top producer is on pace to make 55k. The only positive reviews on glass door is from management. They bribe their employees to vote them a 'top place to work' so they can attract recent college graduates.

Advice to Senior ManagementDecrease your pay and increase employees pay. You have about 90% of your staff looking for other employment. Get rid of positions that play on the internet all day.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Hard to make money, no matter how hard you work

Loan Officer (Former Employee)
Columbia, MD

I worked at American Bank full-time for less than a year

ProsFun, surrounded by some good people, leaders, and those who want to see you succeed.

ConsPay structure made it so you had to close a certain number of loans before you could actually get paid. I was within the top 3 of sales my last 3 months there and was still completely broke. Worked long hours to close deals that you just couldn't close. Zero room for growth opportunities.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great Place to Work!

Anonymous Employee (Current Employee)

I have been working at American Bank

ProsCommunity banking with stable management.

ConsNone that negatively impact the workplace.

Advice to Senior ManagementKeep doing what you are doing!

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Interview Process

Bank Manager (Current Employee)
Boston, MA

I have been working at American Bank full-time for less than a year

ProsGreat Questions were asked in a timely mannor

ConsDidn't have any questions to discuss

Advice to Senior ManagementBe Fair

Yes, I would recommend this company to a friend

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Account Manager then Mortgage Banker

Account Manager (Current Employee)
Columbus, OH

I have been working at American Bank

ProsOnly 40 hours a week.
Great co workers, very young employees
Job responsibilities are fun.
Very fun and laid back wokr environment.
You work as hard or as little as you want, but it shows in your pay

ConsAll commission, so much can go wrong with your potential borrowers that is outside your control.
American Bank is not well know AT ALL, hard to convince customers we are legit.
Salary is not enought to live on if you dont close loans

Advice to Senior ManagementYour fantastic

Yes, I would recommend this company to a friend

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Great technology and above average compensation

Loan Processor (Current Employee)
Columbia, MD

I have been working at American Bank

ProsThe pay, capability of working from home. Coworkers are very laid back if you like a casual atmosphere and attire. Sales managers train their loan officers really well.

ConsIt may vary branch to branch but we don't get a lot of paid holiday or tome off around the holidays.

Yes, I would recommend this company to a friend

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Old Fashioned, Out of Touch

Anonymous Employee (Current Employee)
Corpus Christi, TX

I have been working at American Bank

ProsGood reputation. Needs input from new blood.

ConsUltra conservative. Not very understanding.

Advice to Senior ManagementOpen your eyes a bit more. There is another world out there besides the one you grew up with.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at American Bank reviews and ratings — including employee satisfaction and approval rating for American Bank CEO Mark W. Jaindl. All 11 reviews posted anonymously by American Bank employees.