First Midwest Bank Reviews

Updated Mar 10, 2020

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3.3
62%
Recommend to a Friend
78%
Approve of CEO
First Midwest Bank Chairman and CEO Michael L. Scudder
Michael L. Scudder
76 Ratings
Pros
  • "Overall the atmosphere and culture is a community feel while still achieving and working toward goals with a great work-life balance(in 10 reviews)

  • "we have good benefits for full time employees(in 9 reviews)

Cons
  • "The sales goals are stressful, and can lead to inter-branch competition that's not always healthy(in 10 reviews)

  • "FMB will not be an industry leader in things like technology and innovation, but they will always be a fast follower(in 5 reviews)

More Pros and Cons
  1. Featured Review

    "Wonderful place to work!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Manager 
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Company is invested in their people and community. Committed to growth and opportunity for employees and company. Excellent sales culture.

    Cons

    Technology advances should be a priority.

  2. "Very good company"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Rotational Development Associate in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Midwest Bank full-time

    Pros

    nice people, room for upward mobility

    Cons

    small company , locations are not in popular areas so not as fun for young people

  3. Helpful (2)

    "Bad for morale, unrealistic expectations"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in Chicago, IL
    Negative Outlook
    Approves of CEO

    I have been working at First Midwest Bank

    Pros

    Most of the people here are great people. The training is good. Everyone knows each other, so there’s no disconnect in communication.

    Cons

    They have the most unrealistic sales goals in a banking position. If you don’t meet those goals, the fear of termination looms over you.

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  4. Helpful (2)

    "Sets you up to fail"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Part Time Teller 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at First Midwest Bank part-time for more than 3 years

    Pros

    Hours. Benefits. Location. Some of the coworkers.

    Cons

    Sales goals: ridiculously high. Unattainable. Poor products. Can’t push a low rate for CDs when people can go down the street for a higher rate. Pushed to exceed your goals. Meeting your goals is never good enough. The infighting over customers causes so much unnecessary stress. Favoritism!!! People who exceed [by any means...WF!] their goals get preferential treatment. Those who don’t exceed get threatened with write ups. Poor management! Lack professionalism. Blatant favoritism (see above). Technology is way behind the times. Environmentally unconscious. So much wasted paper.

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  5. "Decent Place to Work, Focus on Sales"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Branch Manager in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at First Midwest Bank

    Pros

    Benefits are fairly good, salaries are average at best. Vacation time and retirement contributions stand out to me as above average. Executive management does seem to truly care but that is lost in middle management, mainly due to scorecard system in my opinion.

    Cons

    Your worth to the company is based on your scorecard (sales in retail) performance. Every employee is on a scorecard which accounts for 60-70% of annual rating. You lose quality employees who are performing well since the scorecards reset quarterly.

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  6. "Great Bank to work for if you're into banking."

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    Former Employee - Bank Teller 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at First Midwest Bank part-time for more than a year

    Pros

    Sunday off, great hours, never work past 6pm. Holidays off! Easy to learn the ins and outs.

    Cons

    Coming from someone who likes things faced paced and something "new everyday" a quiet bank can get a little tiring.

  7. "Community Bank with a community feel"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Talent Development Consultant II in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    FMB is a small bank with about 2,000 in employees. Specifically about 50 in HR. This environment is perfect for spreading your wings and learning about all aspects of the organization. I have been able to do my job in Talent Development as well as explore other areas and help in different projects to get a wide range of knowledge. Another perk of a small organization is the community feel with other colleagues. All colleagues are warm and welcoming and treat you with respect. My Manager respects my schedule and is willing to work with me when things get crazy. Overall the atmosphere and culture is a community feel while still achieving and working toward goals with a great work-life balance.

    Cons

    First Midwest is a great small organization but it has the typical cons to your small banks. FMB will not be an industry leader in things like technology and innovation, but they will always be a fast follower. However, they do follow trends and work their hardest to get there.

  8. Helpful (1)

    "Sales"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Manager in Schererville, IN

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

    Pros

    Great people nice area here

    Cons

    Unrealistic goals but pay is decent

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  9. Helpful (4)

    "Very poor management in Overland Park office"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Loan Originator in Overland Park, KS
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Absolutely no training just blame

    Cons

    Very small office. All loans are sent to Michigan for processing and underwriting. 2 managers for 7 LOs. A lot of micro managing, listening to phone calls and reviewing your e mails. Fired after 1 month with 10 loans in pipeline. Insurance stopped at midnight that day and paid 0 on closed loans and loans closing.

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  10. Helpful (3)

    "n/a"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Gurnee, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at First Midwest Bank full-time for more than 8 years

    Pros

    the offices have great air conditioning

    Cons

    when hiring its about who you know and not what you know

    Continue reading
Found 158 reviews