Citizens Republic Bancorp

www.citizensonline.com
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Citizens, a Challenged Survivor

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in Novi, MI
Current Employee - Vice President in Novi, MI

I have been working at Citizens Republic Bancorp

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

Management has sought to create a vision of a company that it has genuine aspirations to become. It believes in doing the right things from a credit perspective and John Schwab is one of the best credit minds that I've ever worked with. I believe the company will be a survivor of the current credit environment.

Cons

In this environment, communication has been very poor. Staff members disappear without any formal announcement of their departure, informal communication is rampant. We're based in a market that has/will see a deep recession and slow recovery. That side of our work isn't a great deal of fun.

Advice to Management

Identify a vision for Citizens that is robust enough to be valid in this environment and will remain so during the eventual recovery. It is difficult to have faith when you're told that a dividend cut is enough to help us weather the storm, then that we must eliminate the dividend to avoid having to raise capital, then to raise capital anyway making "our balance sheet bullet proof", then taking TARP funds to add even more liquidity. While each of these moves may have been necessary and good, it makes it difficult to believe that senior management knows what we need. Create the vision and proactively drive the company toward it, rather than being so reactionary.

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  1. Once a great bank that has been destroyed by current leadership.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Flint, MI
    Current Employee - Anonymous Employee in Flint, MI

    I have been working at Citizens Republic Bancorp

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Flexible work hours and a reasonable salary. It is Michigan and it is a job, but that's about it. Some managers understand how difficult it is to work here and make it tolerable for their employees. Others don't.

    Cons

    This was once a great bank to work at but the acquistion of Republic has completely destroyed employee faith in management. The Hartman era has been a complete failure. Operations and back room remain a debacle. Simple processing and data entry type errors made at an alarming rate. Absolutely no value proposition which makes selling very difficult. Senior management with a new strategy or focus each week. Very poor communication. Senior management still has country clubs, big bonuses, etc. while restricted stock and any form of a reasonable bonus has been cut from those doing all the work.

    Advice to Management

    Perform due diligence before making acquisitions. Try executing one strategy before heading down a completely different path. Cut out your country clubs, bonuses, restricted stock, etc. and feel the pain with the rest of us.


  2. Great Management, Great learning opporunities

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Citizens Republic Bancorp

    Pros

    Training, Growth opportunities, Management listens and uses your thoughts,

    Cons

    Pay, strict, busy work, All minimal cons overall great company


There are newer employer reviews for Citizens Republic Bancorp
There are newer employer reviews for Citizens Republic Bancorp

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