IBC Bank Reviews

Updated August 16, 2014
Updated August 16, 2014
83 Reviews

2.1
83 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
IBC Bank President & CEO Dennis E. Nixon
Dennis E. Nixon
39 Ratings

Review Highlights

Pros
  • if you are young and do not have much experience this is a good place to start (in 6 reviews)

  • Good place to gain experience if you want to start in the banking industry (in 7 reviews)


Cons
  • Due to extremely low pay and high sales goals keeping knowledgeable staff is very difficult (in 12 reviews)

  • Because IBC bank has a high turnover rate there is no good management (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Credit Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst  in  Houston, TX
    Former Employee - Credit Analyst in Houston, TX

    I worked at IBC Bank full-time for more than a year

    Pros

    Good underwriting experience on major real estate development

    Cons

    below average compensation and extreme nepotism

    Advice to ManagementAdvice

    hire qualified people to run branches instead of 18 year old kids because their cheap

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Good for a first job but that's it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Universal Teller I  in  McAllen, TX
    Current Employee - Universal Teller I in McAllen, TX

    I have been working at IBC Bank full-time for more than a year

    Pros

    Very easy to get hired and it's the easiest job in the world, seriously.

    Cons

    Terrible pay and they go through tellers like like butter.

    Advice to ManagementAdvice

    Don't make terrible decisions that affect your workers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Perfect place to gain experience!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous  in  Houston, TX
    Former Employee - Anonymous in Houston, TX

    I worked at IBC Bank full-time for more than 5 years

    Pros

    Paid training. Get the industry experience and go somewhere else.

    Cons

    Really high turnover rate
    Very low salary
    No compensation

    Advice to ManagementAdvice

    Start hiring skilled people and appreciate the employees that are willing to stay.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Great place to gain experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Universal Teller I  in  Ardmore, OK
    Current Employee - Universal Teller I in Ardmore, OK

    I have been working at IBC Bank full-time for more than a year

    Pros

    The bonus program is nice and comes in handy when extra money is needed. Training was week put together.

    Cons

    The salary for the amount of work put in is way below where it should be. Upper management does not takes complaints well.

    Advice to ManagementAdvice

    Listen to your employees

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Banking Drones-Just Don't Do It.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate  in  Austin, TX
    Former Employee - Sales Associate in Austin, TX

    I worked at IBC Bank full-time for less than a year

    Pros

    Very clear path to mediocrity via archaic banking lectures given by rotten women and many open book tests. You get to leave work at your "home branch" to attend training classes at the Cesar Chavez. I always stopped off and went shopping in order to not have to go back to work if the class didn't go all the way to the end of the day.

    Cons

    Many branches are open 7 days a week. A banking jail. Cold calling to try to upsell to current account holders. It felt like we were all playing a big banking game. Lots of screwing off and unprofessional workers, including those in middle management. It felt like a vapid high school scenario the whole time. A waste of my time.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Just stay away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker  in  Tulsa, OK
    Former Employee - Personal Banker in Tulsa, OK

    I worked at IBC Bank full-time for more than a year

    Pros

    If you are interested in sells or the banking industry, it is a great way to get your foot into the door, the training process is a lot of fun, and the trainers were all great.

    Cons

    Promotion is abysmal, and most likely will not happen for you. The focus on sales, and not on customer service is awful. They are more interested in adding accounts than keeping the ones that they already have. The benefits are horrible, as is the pay policy. Your paycheck must go directly to a bank account that you have at IBC, then you can move it from there to another bank if you like. Although if you do this, plan to be asked why you do not want to use IBC. The pay is god awful, and is just barely above minimum wage. if you work overtime, you only make half time for all of the hours.

    Advice to ManagementAdvice

    Set up a career path module, and make it a real thing. Give your employees hope that maybe they can move up in the business, and not just stay as a teller/personal banker for the rest of their lives. Raise the base pay for all your employees, they are the ones that interact with the customers, and they are the ones that can either gain you a new one customer, or lose one that you already have.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Good, horrible turnover rate

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

    I worked at IBC Bank part-time

    Pros

    great people fun to be around

    Cons

    absolutely no education from people in upper management. they are a joke and pretend to know more than they really know.

    Advice to ManagementAdvice

    pay better so there is no high turnover rate

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Good training, bad everything else

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Universal Teller I  in  Austin, TX
    Current Employee - Universal Teller I in Austin, TX

    I have been working at IBC Bank full-time for less than a year

    Pros

    They have an extensive training program which helps you learn how to do your job well. The people at the branches are generally pretty cool and fun to work with. There are a lot of incentives and bonuses (so I have heard). They offer benefits hire people with no experience.

    Cons

    The pay is a few dollars less than any other bank. The training, although helpful, requires you to drive to downtown Austin from 8-5 for over a week, even if you live and your branch is 45 minutes away. It does not seem like the higher ups in the company really care about the employees- the sales quotas are completely unrealistic, even for tellers. We are forced to open accounts for family members for a month so we can get numbers, then close them and reopen them for the next month.

    Advice to ManagementAdvice

    You get what you pay for. If you pay employees much lower than other banks, and find ways around paying your managers what they deserve (like calling them head sales instead of official manager) then you will not get employees that love your company and want to work for you.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Way to join banking industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate  in  Houston, TX
    Former Employee - Sales Associate in Houston, TX

    I worked at IBC Bank full-time for more than a year

    Pros

    Paid training for five weeks
    Will hire minorities

    Cons

    Low salary
    Unrealistic sales goals
    High staff turnover

    Advice to ManagementAdvice

    Board needs to drive culture change geared towards valuing employees more
    Improve pay and benefits

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    IBC - They do More hiring...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  Austin, TX
    Former Employee - Manager in Austin, TX

    I worked at IBC Bank full-time for more than 3 years

    Pros

    A paycheck that arrives on time, bi-monthly.

    Cons

    Excessive micro-management
    Serious violations of HIPAA, EEOC + Federal Labor Law
    Turnover rate +88%
    "Churn + Burn" "Disposable Employee" mentality from Senior + trickling into Middle Management
    NO overtime pay - it's called "half time" a.k.a. Chinese Overtime formula (o/t is discouraged out loud, behind scenes it is "mandatory"), especially if your sales are not performing...
    this is a "Sales Bank"

    Advice to ManagementAdvice

    Not even worth my time to type out.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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