Cole Taylor Bank Reviews

Updated August 2, 2015
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3.7
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Mark A Hoppe
12 Ratings

16 Employee Reviews

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  1. Good place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    This was a good place to work. Family friendly and good attention to work life balance while still being a serious place to work.

    Cons

    Sometimes didn't seem sure if it was a big company or a small company. That made some processes feel heavier than necessary, and it was sometimes hard to get centralized information about policies.

    Advice to Management

    This was a good management team. I've worked for a lot of financial institutions and management here was definitely doing something right.


  2. No advancement

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Banker in Lombard, IL
    Former Employee - Banker in Lombard, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Cole Taylor Bank full-time (Less than a year)

    Pros

    Good people, ok compensation, friendly

    Cons

    No advancement, poor scheduling, bad management


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Systems Analyst in Ann Arbor, MI
    Former Employee - Business Systems Analyst in Ann Arbor, MI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Cole Taylor Bank full-time (More than a year)

    Pros

    beer cart at the end of the day

    Cons

    manager was never around, let the clowns run the circus


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  5. Fun and challenging

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    Improve communication to lower levels of management/staff.


  6. Mortgage Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Cole Taylor Bank full-time (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.


  7. Helpful (1)

    Love working

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

    I have been working at Cole Taylor Bank full-time (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 Management

    Keep the "start-up" mentality!


  8. Great Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cole Taylor Bank part-time (More than a year)

    Pros

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

    Cons

    You gotta love what you're doing.

    Advice to Management

    None, keep it up


  9. Above Average Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Chicago, IL
    Current Employee - Credit Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cole Taylor Bank full-time (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 Management

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


  10. Helpful (1)

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

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

    I worked at Cole Taylor Bank full-time (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 Management

    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.


  11. Feeling some way

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Banking Center Associate in Rosemont, IL
    Current Employee - Banking Center Associate in Rosemont, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Cole Taylor Bank full-time (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 Management

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



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