Wintrust Financial

  www.wintrust.com
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Quickly growing company that needs to collapse all the different charters and increase efficiency.

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

Pros

Great opportunities for advancement. Highly regarded company within their market. Cash rich which allows one to cater to customers better than they would be able to otherwise. Very flexible with your vacation schedules and family time. Pay is within the normal range.

Cons

The company is very top heavy with a lot of SVP and higher employees and much fewer worker bees causing everyone to be hectic at all times. The company is very inefficient with its fifteen charters and I have yet to see a benefit to all the small banks. Their continued purchases of failed banks and cutting 80% + of their employees has caused many departments to be overworked and slow.

Advice to ManagementAdvice

Collapse some of the charters to improve efficiency. Slow down and ensure that every department has sufficient support staff and competent management to accomplish goals.

Disapproves of CEO

Other reviews for Wintrust Financial

  1.  

    growing quickly with no regards on how it affects those employed here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Libertyville, IL
    Former Employee - Anonymous Employee in Libertyville, IL

    Pros

    good benefits, including 401k plan

    Cons

    disregard for those outside of management

    Advice to ManagementAdvice

    talk to your employees.

    Doesn't Recommend
    No opinion of CEO
  2.  

    The bank stock and profitability continue to decline, is the only solution to continue to grow through bank acquisition?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Vice President  in  Saint Charles, IL
    Current Employee - Senior Vice President in Saint Charles, IL

    Pros

    Wintrust financial allows each bank president to tailor the loan and deposit products to meet the needs of the community it serves. Some of the banks have a strong following in the community and devoted employees to ensure the highest level of customer satisfaction. The bank president has the authority to run the charter as his/her own business which allows for an entreprenureal spirt only found in a start up bank. The employee benefits package is very generous and competes strongly with employers of similar industries. The bank is large enough (when one considers all charters as one) to compete with the larger banks in the area; this eliminates many of the objections when working with customers who are concerned about moving to a community bank.

    Cons

    The communication and sharing of information between the banks is extreamly limited. The leadership from the holding company does not trickle down to the bank level. Accountability for the banks performance is only judged on a profitability basis and does not incorporate employee turnover or customer satisfaction. It does not appear bank presidents of less profitable charters are held accountable for thier performance and poor performance is allowed to continue year over year. Senior management is a good old boys club made up from the original people who started the bank, no room for new ideas or opinions in this environment. The lack of diversity within the organization is concerning and does not promote opportunities for women or people of color.

    Advice to ManagementAdvice

    Holding company officials need to be more involved at the bank level to ensure that the bank president is providing the leadership and communication to carry out the organizations goals and inititatives. Improvment in information sharing and communication between the banks would reduce lost productivity. Having an operations staff at each charter is a large duplication of job function with little financial return for the redundancy which is also complicated by the vast diferences in knowledge and expierience of similar positions at each bank charter. Leadership training for all senior managment and some type of oversight would better improve the level of bank presidents at each location.

    Doesn't Recommend
    Disapproves of CEO
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