There are newer employer reviews for Wintrust Financial
There are newer employer reviews for Wintrust Financial

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

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Vice President in Saint Charles, IL
Current Employee - Senior Vice President in Saint Charles, IL
Doesn't Recommend
Disapproves of CEO

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 Management

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.

Other Employee Reviews for Wintrust Financial

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

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

    Pros

    Community driven and concious with lots of opportunity to advance and educate yourself and peers. Open work environment with management available to bounce ideas off of and offer advice.

    Cons

    Less competitive salary structure with no stock option opportunities for incentive.

    Advice to Management

    Provide opportunities for employees to receive options as an incentive/bonus and other stock rewards besides an employee stock purchasing plan.


  2. Assistant Vice President

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

    I have been working at Wintrust Financial (More than 3 years)

    Pros

    Great place to work, lots of room for advancement

    Cons

    This is truly a great place to work.


There are newer employer reviews for Wintrust Financial
There are newer employer reviews for Wintrust Financial

See Most Recent

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