FirstBank (Colorado)

  www.efirstbank.com
  www.efirstbank.com
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FirstBank (Colorado) Reviews

Updated September 4, 2014
Updated September 4, 2014
40 Reviews
3.5
40 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
FirstBank (Colorado) President and CEO John A. Ikard
John A. Ikard
30 Ratings

Employee Reviews

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  1.  

    Good community bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FirstBank (Colorado)

    Pros

    Hard working, committed people. Positive reputation in the community.

    Cons

    Highly negative management culture, long hours, high stress, poor compensation that's too heavy in stock.

    Advice to ManagementAdvice

    Work on creating a better work/life balance for officers and better training curriculum.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2.  

    One of the best companies to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern/Teller
    Former Employee - Intern/Teller

    I worked at FirstBank (Colorado) part-time for less than a year

    Pros

    The company is wonderful to work for and my overall experience has been nothing but good. There are a lot of growth opportunities available and branch management is strong. Everyone I met was always extremely nice and knew exactly what they were doing and how to do it. I learned so much with the company and had I not decided to move away, I would have stayed with the company. Awesome perks was that food or coffee was bought or stocked up in the back room.

    Cons

    Occasionally long hours, disconnect with loan officers or mentors

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great Place to WORK!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Officer
    Current Employee - Officer

    I have been working at FirstBank (Colorado) full-time for more than 8 years

    Pros

    Everyone supports each other, management is strong, ESOP/401K, way above average raises, other employees and a team atmosphere.

    Cons

    Work life balance can sometimes be challenging, changes can sometimes be slow to implement.

    Advice to ManagementAdvice

    FirstBank is like a big family, do what you can to preserve that!

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Bittersweet banking experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President
    Former Employee - Assistant Vice President

    I worked at FirstBank (Colorado) full-time for more than 10 years

    Pros

    Good pay and benefits.

    Cons

    Increased pressure to sell and grow business despite economic conditions.

    Advice to ManagementAdvice

    Listen to your junior officers - they can boost excitement and innovation. Senior management at the holding company should conduct exit interviews for former officers of the bank.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6.  

    Great stable company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Several Departments-both Staff and Supervisory  in  Lakewood, CO
    Former Employee - Several Departments-both Staff and Supervisory in Lakewood, CO

    I worked at FirstBank (Colorado) full-time for more than 10 years

    Pros

    Many different career paths
    Good raises
    Care about their employees
    Involved in the community

    Cons

    Not the most forward thinking company. The IT department is behind the average curve. But their cautiousness has caused them to grow every year so it's a trade off
    Can only go so far without a degree even if you have 20 years with the company.
    Officers get promoted due to length of service not merit.

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great place to start your banking career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Multiple  in  Denver, CO
    Former Employee - Multiple in Denver, CO

    I worked at FirstBank (Colorado) full-time for more than 3 years

    Pros

    If 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.

    Cons

    When 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.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Beware!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FirstBank (Colorado)

    Pros

    Salary 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.

    Cons

    They 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 ManagementAdvice

    Don't know where to start.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Stable work with good coworkers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - New Accounts  in  Aurora, CO
    Current Employee - New Accounts in Aurora, CO

    I have been working at FirstBank (Colorado) full-time for more than a year

    Pros

    Friendly place
    Stable work
    Livable wages
    Helpful co workers
    A

    Cons

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

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great benefits, highly structured company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President
    Former Employee - Vice President

    I worked at FirstBank (Colorado) full-time for more than 5 years

    Pros

    Defined 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

    Cons

    Promotion 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 ManagementAdvice

    Provide greater flexibility to aspirational officers

    Recommends
    Negative Outlook
    Approves of CEO
  11. 2 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Management Trainee  in  Denver, CO
    Former Employee - Management Trainee in Denver, CO

    I worked at FirstBank (Colorado) full-time for less than a year

    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 ManagementAdvice

    - 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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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