FirstBank (Colorado)
3.4 of 5 35 reviews
www.efirstbank.com Denver, CO 1000 to 5000 Employees

FirstBank (Colorado) Reviews

Updated Jun 30, 2014
All Employees Current Employees Only

3.4 35 reviews

                             

88% Approve of the CEO

(no image)

John A. Ikard

(26 ratings)

68% of employees recommend this company to a friend
35 Employee Reviews
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    Great place to start your banking career

    Multiple (Former Employee)
    Denver, CO

    ProsIf you are new to banking, Firstbank provides excellent training. I would take classes a couple times a year on different topics. Benefits are also pretty good.

    ConsWhen you apply to work at Firstbank, you have to take a timed math test. Your score, along with your GPA/College degree will determine the path you can take with the company. This will stick with you throughout your entire career here, and they will not make exceptions based on performance or recommendations from management. Ultimately, this was a major factor in my decision to leave this company.

    Yes, I would recommend this company to a friend

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    Beware!

    Anonymous Employee (Current Employee)

    ProsSalary and benefits are competitive. If you start as a management trainee - you will be a consumer lender, commercial lender, construction lender, sba lender, operations manager, you will have to make collection calls, you will also have a business development goal. They pay a little more than other big banks, but you are expected to do anything and everything. You will never specialize in any one of your roles.

    ConsThey don't have a global mindset. Not very welcoming to candidates from diverse backgrounds. Too stuck in their ways. New ideas are not welcomed. Senior management is very uptight - my way or the highway. More than 50% of the officers who started with me left or were let go within the first 12 months. Your reviews are based on what people below you think about you - better learn to kiss people's ass if you want to stay here long term. Most of their staff has been there long term - hard to gain respect when you are managing people who know a lot more than you do. Overall, very hostile work environment. Promotions are based on length of time you have worked there, rather than your skills/talent. No work/life balance - you are expected to work 60-65 hrs/week and attend volunteer/networking events after work. Your hourly wage turns out to be lower than what most of your staff makes.

    Advice to Senior ManagementDon't know where to start.

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

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    Stable work with good coworkers

    New Accounts (Current Employee)
    Aurora, CO

    ProsFriendly place
    Stable work
    Livable wages
    Helpful co workers
    A

    ConsRepetitive
    Stuck in their ways- innovative ideas are not taken to heart, management likes the status quo.

    Yes, I would recommend this company to a friend

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    Great benefits, highly structured company

    Vice President (Former Employee)

    ProsDefined timelines of promotions
    Great benefits
    Banker's hours are pretty easy to deal with - usually no more than 50 hrs/wk
    Lots of vacation time and days off
    Friendly staff and management
    Senior management is very approachable
    Management hiring is only done from within so the strong company culture is kept intact, everyone above you (including the CEO) started as a Management Trainee and has done your same job before

    ConsPromotion structure limits individual drive to excel beyond expectations
    Usually working most Saturdays depending on staffing levels
    Company has been very profitable in the past but changes in regulatory environment have adversely affected revenue and increased expenses

    Advice to Senior ManagementProvide greater flexibility to aspirational officers

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Good work environment, Great people.

    New Account Representative (Current Employee)

    ProsVery fun work environment, friendly. Good employee perks. Great benefits. Really overall a good company to work for. Successful company.

    ConsRelatively low pay, Hard to advance. Outdated banking techniques. Below average training. Low commissions.

    Advice to Senior ManagementDon't have so much division between staff and officers.

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

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    1 person found this helpful  

    For a company with such cutting edge marketing, very 1960s in management approach

    Management Trainee (Former Employee)
    Denver, CO

    Pros- Good compensation
    - Reimbursed for all expenses during training, work outings
    - Some good perks like sporting events, concerts, etc.
    - Will learn a lot in management training -- very thorough
    - If you're not a manager, the culture is a lot more relaxed

    Cons- Promotion based on time, not merit
    - Get told over and over that you're doing great, but then get near failing grades on monthly reviews...they almost refuse to give a positive review
    - Cut-throat environment for managers
    - Stale and dry environment among managers
    - Creativity discouraged
    - Non-managers have far more job security than managers
    - Very HIGH turnover for management trainees
    - Long hours for entry-level managers
    - Fear culture among managers

    Advice to Senior Management- You spend so much money to train entry-level managers and then just toss them away at the drop of a hat, or watch as they become so miserable that they quit. I heard that the turnover % for the first 2 years for entry-level management is somewhere around 70%. If true, that's completely unacceptable. I'll never understand that approach. Make the experience for managers as good as it is for non-managers. Managers are always fearful of losing their job, which makes it hard to stay stress-free and efficient, especially when they look around and see the pleasant culture among non-managers.

    No, I would not recommend this company to a friend

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    Great Place to Work

    Network Analyst (Former Employee)
    Lakewood, CO

    ProsFirstBank Data Holding Company is one of the best large banking companies to work for. They grew from a small locally owned bank into one of Colorado's largest privately owned banks. They never lost the "family feel" as they grew and matured. They provide employees that chance to be promoted from within. They also provide employees ample training to keep up on the current technology. Great branch locations in the mountains.

    ConsSalary ranges in the banking field always seem to fall below average for the technology field. FirstBank Holding Company is no different in that respect.

    Advice to Senior ManagementDo not lose that "family atmosphere" that allowed FirstBank to grow and mature into the company that they are today. Don't sell out to the "Big Boys".

    Yes, I would recommend this company to a friend

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    A competitive environment in the officer group.

    Senior Vice President (Current Employee)
    Denver, CO

    ProsGreat benefits including insurance, ESOP, 401K, etc. Conservative culture with high moral standards. Big emphasis on being a team-player.

    ConsHigh stress. Has its own strong culture that may not be a good fit for everyone.

    Advice to Senior ManagementStart building relationships with other officers early if want to stay there long-term. Get to present loans at the Loan Committee as much as you can. Be positive and humble.

    Yes, I would recommend this company to a friend

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    Preferential treatment, Loan Officer was military and prevented qualified individuals from advancing

    Teller (Former Employee)
    Longmont, CO

    ProsEmployees at other locations were really nice; overall work environment at other locations was said to be much more enjoyable as people didn't enjoy having to work at the branch that I was located at.

    ConsFavoritism, preferential treatment, allowed certain people to behave in a manner others were repremanded for, other employees were permitted to talk down to (rude and demeaning) lower level personnel. Complaints from multiple individuals were overlooked and ignored.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Archaic development/technology policies. Don't become an engineering dinosaur.

    Developer (Former Employee)
    Lakewood, CO

    Pros-Better than average pay/benefits for tech field.

    -Easy to be impressive with a not-so-impressive skill sets if you've been keeping current in the industry.

    Cons-Unbelievably archaic tech policies, equipment and programming languages used. Expect to use technologies and skills a decade behind their time. Innovation is discouraged.

    -Due to dinosaur technologies, if you stay too long you will no longer be marketable in tech/engineering after you leave.

    -Employees sit in hundreds of beige cubes with no natural light and nowhere to walk in a wasteland of parking lots in Lakewood.

    -Conservative dress codes from the 60s - complete with pantyhose requirements, no peep-toe shoes, and skirt length measurements regardless of whether you have a public-facing position or not.

    -Big-brother policies on what websites you can view, whether you are given a sound-card in your computer and what software you are allowed to use. Need a new tool to make your project run? Expect to have to fight for months for it. Want to listen to an online tutorial on a programming technology? Sorry, no sound card for you.

    -Very conservative (politically, technologically & morally) attitudes. Management is chosen based on how well they fit this mold.

    Advice to Senior ManagementTake a look at the outside tech industry and take notes about where things are going. Abandon the archaic before it's too late and reward those who attempt to innovate. Try to move your HR policies into the last decade.

    No, I would not recommend this company to a friend

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