First Republic (CA)
3.1 of 5 52 reviews
www.firstrepublic.com San Francisco, CA 1000 to 5000 Employees

First Republic (CA) Reviews

Updated Jul 9, 2014
All Employees Current Employees Only

3.1 52 reviews

                             

91% Approve of the CEO

First Republic (CA) Chairman and CEO James H. Herbert II

James H. Herbert II

(35 ratings)

55% of employees recommend this company to a friend
52 Employee Reviews
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    Company in flux, moving from small bank to large, not handling growing pains well

    Anonymous Employee (Former Employee)

    ProsSubsidized cafeteria, central BART SFO location, decent offices, average pay and above average benefits. Some very good people to work with in the right departments. Typical problems in any smaller sized company.

    ConsUnusual (negative) culture, lack of diversity in problem solving and collective unwillingness to address obvious problems, like very high turnover, lack of budgets or poor systems performance. High reliance on temporary workers, which creates its own set of challenges.

    Advice to Senior ManagementHire Bain & Co. to perform a wholescale change management exercise across the entire company. This will include setting and fixing to a strategy, sharing that with the employees, and measuring everyone against the success measures. It will improve your non-interest expense ratio too, which will begin to deteriorate as you approach higher FDIC scrutiny. Its a multi-year process.

    No, I would not recommend this company to a friend

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    Nepotism = Unqualified

    Anonymous Employee (Current Employee)
    San Francisco, CA

    ProsBase salary and bonus opportunity are decent. Locations can be awesome depending on which office you work from. The CEO Jim Herbert is well-respected. If you're looking for a 9-5 job that won't be too challenging, this could be the place for you.

    ConsNEPOTISM: Many unqualified people here got internships, vendor contracts, even VP titles because of who they know or are related to.
    COMPLACENCY: Everyone around here has rose colored glasses, just assumes the best way to success is to stay exactly the same. Few people take any initiative to do new things to stir things up or take this company to the next level

    Advice to Senior Management1.) Start hiring qualified people, not just your best friend's wife/daughter/nephew/etc. 2.) Offer better benefits. The best and the brightest talent require more than a paycheck. We want flexible work schedules, community giving programs, tuition reimbursement, and more. 3.) Understand that there are a lot of lazy people in the ranks who have no desire to take initiative to take this business to the next level.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Temp at first republic

    Deposit Services (Former Employee)
    San Francisco, CA

    ProsGreat company, great people, great food at discounted price.

    ConsCant make mistakes, need to double check even after you have something reviewed by someone else. If its under your name make sure you do it right.

    Advice to Senior ManagementOrganize training schedule better and more focused for the position.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Administrator

    Anonymous Employee (Current Employee)

    ProsRelaxed environment, good resources, strong culture, good customer service, caring customer front.

    ConsNot a lot of communication, doesn't seem very easy to grow.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Productive and challenging

    Loan Associate (Former Employee)
    San Francisco, CA

    ProsExperience Professionals with extensive profitable book of business will excel in this environment. Management and relationship managers cultivate excellent client and referral source relationships. This is the the focus of First Republic Bank

    ConsHighly entrepreneurial environment. Systems are developed as needed with minimal "bells and whistles" Funds employed in these systems are pegged for efficiency and massive changes are not pushed out prematurely.

    Advice to Senior ManagementGrow at a controlled pace and continue commitment to established Corporate Values.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    It's not just a job, but an adventure!

    IT Engineer (Current Employee)
    San Francisco, CA

    ProsIf you make the right people happy, you'll stay a long time.

    ConsVery political atmosphere. You may very well have to train your superiors.

    Yes, I would recommend this company to a friend

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    Abusive, micromanaging, and ineffective management. Nepotism apparent throughout the corporate office..”

    Anonymous Employee (Former Employee)
    San Francisco, CA

    ProsKaiser health plan is cheap as dirt
    3 weeks paid vacation after one year of work
    Discretionary bonuses approaching 6% of annual income
    Subsidized cafe with cheap meals

    ConsAbusive, threatening, and delusional management.
    HR is incapable of resolving issues.
    Many department heads are remnants of the small company that emerged in the 80s.
    Technology is far behind and bizarrely allocated.
    Lots of nepotism.
    Bureaucratic workplace.
    Promotions are often title based instead of income.
    Prepare for an annual wage increase that barely offsets inflation.
    Negative attitude and laziness of most employees.

    Advice to Senior ManagementAccept advice of your junior employees

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good Company Transitioning from Midsize to Big with Normal Growing Pains

    Various (Former Employee)
    San Francisco, CA

    ProsThe company consistently grows year after year, has great people, and does its best to keep the service culture. One may develop some great professional friendships there.

    ConsSince so many new people have been hired at all levels, keeping the culture is its biggest challenge. Those that keeps their head down to get things done must demonstrate their value to all. If you work there, do not be humble, show everyone how they benefit from your work.

    Advice to Senior ManagementPlease nurture that wonderful culture!

    Yes, I would recommend this company to a friend

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    Great Team, Managment and Company Culture

    Anonymous Employee (Current Employee)
    San Francisco, CA

    ProsGreat people, fantastic management (in my department) and a wonderful company culture.
    Excellent benefits, including its own Wolfgang Puck cafe that is HEAVILY subsidized.

    ConsGrowth is eminent so change can be positive or negative - too early to tell.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Not what I signed up for

    Anonymous Employee (Current Employee)

    ProsEveryone is friendly when you talk to them. If you are "clickee" it is a good fit. If you are whacked, your clients become a feeding frenzy for the rest of the sales people form observation, just know your clients will be taken care of when you leave.

    ConsThere is no telling if what you think you are doing right is what they want you to do. Or if you are meeting the guidelines they have set up for you or even what they are. You never really know if you are doing good or bad. Be careful with anyone that lures you to the company. They promise the world and give you a small island.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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First Republic (CA) – Why Work for Us?

COMPANY PROFILE ABOUT FIRST REPUBLIC BANK Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage… Full Overview

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