The Bancorp Reviews

Updated May 6, 2021

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3.3
57%
Recommend to a Friend
82%
Approve of CEO
The Bancorp CEO Damian Kozlowski
Damian Kozlowski
19 Ratings
Pros
  • "Free coffee and creamer and ice machine(in 4 reviews)

  • "Great company, great people to work with(in 3 reviews)

  • Cons
  • "Senior management doesn't interact very well with regular employees(in 4 reviews)

  • "Work/life balance is very dependent on department and function(in 2 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, less than 1 year

      Great work environment

      Apr 24, 2021 - Undisclosed Position 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The people here make it a great place to work. Everyone works together and tries to do the right thing.

      Cons

      Can't think of any - maybe more PTO

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    2. 4.0
      Current Employee, less than 1 year

      Small company great culture

      May 6, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Tight knit teams, no idea is shot down. This company wants to grow and is open to new ideas

      Cons

      No health coverage for spouses unless they don’t have coverage through employer

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    3. 4.0
      Current Employee, less than 1 year

      Third Party Risk Analyst

      Mar 15, 2021 - Third Party Risk Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Place to work! Been great so far.

      Cons

      None at this time, will update in the future.

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    4. 3.0
      Former Employee, more than 8 years

      Decent place to work

      Feb 18, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great coworkers Good work hours

      Cons

      Extremely basic benefits Lack of growth

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    5. 5.0
      Current Employee, more than 3 years

      Good Company

      Dec 13, 2020 - Director in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very successful platform and good leadership

      Cons

      Exiting real estate bridge lending

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    6. 3.0
      Current Employee, more than 1 year

      Company is searching for a path forward.

      Jan 10, 2021 - Director in Wilmington, DE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Salary is competitive and the benefits package is good.

      Cons

      Bonus is not fairly distributed and there is a fair amount of day to day drama.

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    7. 5.0
      Former Employee, more than 8 years

      Positive Feedback

      Nov 23, 2020 - Vault Custodian in Wilmington, DE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The company, backed when i worked, treated me good.

      Cons

      I have nothing negative to say.

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    8. 5.0
      Former Employee, less than 1 year

      Nice

      Oct 11, 2020 - Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice place to work High growth potential

      Cons

      Not the best paying job

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    9. 2.0
      Current Employee, more than 3 years

      Small Bank with many problems

      Dec 4, 2019 - Staff in Wilmington, DE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -It is a job. Be happy you're employed -It's banking, and many of the skills you will learn are transferrable to other banks -Many lower level people are very friendly and helpful -C suite has done a good job in terms of profit and revenue after several years of lackluster performance and seemingly never-ending consent orders -Holiday party

      Cons

      -Ineffective middle management. Many would rather spend their time micromanaging and demeaning their employees than working on their respective job function -Antiquated IT systems/practices. Most computers are several years old -Heavy turnover. They are pretty quick to fire VP's and above for "underperformance" -Minimal raises (Less than cost of living adjustments) -No bonuses for non-revenue driving departments -Benefits are not very good compared to other banks in DE (No maternity leave) -Work/life balance is very dependent on department and function. They will likely tout their "flexibility" during the interview process, yet some departments strongly encourage it and some don't allow work from home at all

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      4 people found this review helpful
    10. 5.0
      Current Employee, less than 1 year

      Small Bank with exposure to payments and Fintechs experience.

      Sep 3, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good experience with payments and Fintechs. You’ll see a lot of negative reviews from people just disgruntled about the change in management but if you look at the earnings they’ve beat estimates the past several quarters so things are improving. Management is full of humans - generally they are good people just trying to make a living. CEO is trying to build a culture - small company means you rub shoulders with top executives regularly. Met the CEO several times he has always been a charming and friendly individual showing genuine concern for his employees.

      Cons

      Turnover and benefits aren’t the best but people mistakenly compare them to the last big bank they came from so they incorrectly compare the small company against a big company.

      Continue reading
      8 people found this review helpful
    Viewing 1 - 10 of 67 Reviews

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