Wintrust Financial
3.2 of 5 16 reviews
www.wintrust.com Lake Forest, IL 1000 to 5000 Employees

16 Employee Reviews (View Most Recent)

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

Senior Vice President (Current Employee)
Saint Charles, IL

I have been working at Wintrust Financial

ProsWintrust 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.

ConsThe 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 Senior ManagementHolding 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.

No, I would not recommend this company to a friend

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  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
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  • Approves of CEO

 

Great place to work, learn and advance in a communmity driven environment

Anonymous Employee (Current Employee)

I have been working at Wintrust Financial


Pros: Community driven and concious with lots of opportunity to advance and educate yourself and… Cons: Less competitive salary structure with no stock option opportunities for… Advice to Senior Management: Provide opportunities for employees to receive options as an incentive/bonus… Yes, I would recommend this company to a friend More

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Overall, a good place to work

Anonymous Employee (Current Employee)

I have been working at Wintrust Financial full-time for more than 8 years


Pros: Plenty of opportunities to advance or change positions. Since there are 15 banks, if… Cons: There seems to be some political maneuvering at headquarters--some people trying to make… Advice to Senior Management: Before asking banks to staff themselves leaner, look at Rosemont's… Yes, I would recommend this company to a friend More

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