Pros
Large parent company with lots of capital are still willing to pump money into company so there is relative security that the company won't close for business,
Cons
Management in fighting between those from former Houshold Bank (Chicago), Marine Midland (Buffalo), and New York. Complete disconnection between the 3 groups. NY attempts high brow advertising campaign looking to attract affluent individuals and commercial banking customers, while Buffalo targets Sabres fans with name recognition and branch saturation. Chicago taken over mortgage company after sub-prime mortgage business was halted and in run-off. Depew operation is being dismantled and relocated to former Household operation centers. Mortgage still flooded with tons of personnel no longer required for limited retail business. No longer requires huge staffs of PHD's running analytics and reams of reports, multiple layers of managements, highly compensated senior management staff comprised of Buffalo and Chicago individuals.