Cole Taylor Bank Reviews

Updated July 21, 2014
Updated July 21, 2014
14 Reviews

3.8
14 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Mark A Hoppe
11 Ratings

Employee Reviews

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  1.  

    Fun and challenging

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

    I have been working at Cole Taylor Bank

    Pros

    Cole Taylor is a fun but challenging at times due to rapid changes. The atmosphere is fun and laid back. Strong executive leadership. Fairly compensated.

    Cons

    Business moving fast and changing very quickly.

    Advice to ManagementAdvice

    Improve communication to lower levels of management/staff.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    President talked about loving all of us and then just walks out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Systems Analyst  in  Ann Arbor, MI
    Former Employee - Business Systems Analyst in Ann Arbor, MI

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

    Pros

    beer cart at the end of the day

    Cons

    manager was never around, let the clowns run the circus

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Mortgage Specialist

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

    I have been working at Cole Taylor Bank full-time for more than a year

    Pros

    Very well run mortgage operation. Close knit-family atmosphere. Everyone is friendly and, for the most part, knowledgeable. Average-above average pay an benefits. Strong executive leadership.

    Cons

    Systems are mostly 3rd party and out of date. Business decisions at the bank level sometimes negatively impact the mortgage division even though mortgages are a major bread winner.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Love working

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research  in  Wilmington, OH
    Current Employee - Research in Wilmington, OH

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

    Pros

    Very rewarding atmosphere. Work hard and you will be appreciated and rewarded. Don't come to work at CTM if you don't expect to work hard all day, but in a fun environment. Management is very knowledgeable and sincerely believes in putting customer satisfaction as our highest priority.

    Cons

    Lots of changes happening quickly.

    Advice to ManagementAdvice

    Keep the "start-up" mentality!

    Recommends
    Positive Outlook
  6.  

    Great Culture

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

    I have been working at Cole Taylor Bank part-time for more than a year

    Pros

    The people, the culture, the flexibility, the upward mobility

    Cons

    You gotta love what you're doing.

    Advice to ManagementAdvice

    None, keep it up

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Cole Taylor Bank has established a great leadership team, a lot of opportunity to advance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Ann Arbor, MI
    Former Employee - Vice President in Ann Arbor, MI

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

    Pros

    Very aggressive growth plan, the leadership team is very observant of individual performance both for the sales force and the operations team. This group has a very impressive track record in mortgage banking, they have applied what they have learned along the way and this venture seems to be bringing out the best of those experiences.

    Cons

    Maybe growing a little too fast, always a challenge. A clerk could easily get lost in the shuffle if they are not willing to go the extra mile on a very regular basis. Be prepared for a lot of hours at the office if you want to be a standout employee in this group.

    Advice to ManagementAdvice

    Keep doing in growth mode what you were doing when putting the foundation together. they had a very balanced approach to building the foundation, equal time was given to operations and sales. That is much harder to do as you get bigger, remember how valuable that balance was in the beginning.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Above Average Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Analyst  in  Chicago, IL
    Current Employee - Credit Analyst in Chicago, IL

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

    Pros

    Well run company with many industry veterans running the show. The general workflow is generally well set up. In addition the company appears to compensate at or above market rates and this continues to improve as the company rapidly expands.

    Cons

    Credit appears to be out of touch with the market and need to be more involved on a face to face basis with the lending staff. Some processes are out of date and need to be revamped (appraisals, annual reviews, HR rules, etc.)

    Advice to ManagementAdvice

    Involve lending staff in more of the credit decisions (allow GSVPS voting rights, etc.) and work to improve overall PR with employees and customers.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Feeling some way

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Banking Center Associate  in  Rosemont, IL
    Current Employee - Banking Center Associate in Rosemont, IL

    I have been working at Cole Taylor Bank full-time for more than a year

    Pros

    The hours are great at this company.

    Cons

    There are no promotions at this company. The goal for referrals are nearly impossible to achieve.

    Advice to ManagementAdvice

    Don't people over qualify people in under qualify positions and expect them to stay in that position forever.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Friendly work environment and decent relative benefits with below average software applications and work/life balance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Financial Analyst  in  Rosemont, IL
    Current Employee - Senior Financial Analyst in Rosemont, IL

    I have been working at Cole Taylor Bank

    Pros

    Great close knit feel. Small enough bank to allow an analyst to make a material difference but big enough to provide competive benefits. Friendly, competent associates.

    Cons

    Below average management reporting applications. Below market total compensation. Below average work/life balance due little remote access and work-from-home potential and too few human resources.

    Advice to ManagementAdvice

    Provide better management reporting applications for improved employee efficiency/effectiveness and allow more work/life balance to promote more diverse family/lifestyle situations through remote access.

    Recommends
    Approves of CEO
  11.  

    He has a hard job, hope he is able to get out with out ruining his legacy.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Vice President  in  Chicago, IL
    Former Employee - Senior Vice President in Chicago, IL

    I worked at Cole Taylor Bank

    Pros

    Small bank chance for advancement.

    Cons

    If you are not from LaSalle Bank you will have a hard time getting ahead.

    Advice to ManagementAdvice

    Sell the bank.

    Doesn't Recommend
    Approves of CEO

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