Vectra Bank Reviews | Glassdoor

Vectra Bank Reviews

Updated May 12, 2017
27 reviews

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Full-time Part-time

3.7
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Bruce K. Alexander
14 Ratings

27 Employee Reviews

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  1. Helpful (1)

    "Great Bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Vectra Bank full-time (More than 3 years)

    Pros

    I've worked in both large, and small, financial institutions and I can say my favorite thing about Vectra Bank is its size. Vectra strikes the perfect balance between a community bank and their larger national competitors. As a division of Zions Bancorporation (ZB, N.A.), Vectra is part of an organizational structure that is capable of providing the support, resources, and capital consistent with the largest banks in the country. At the same time, Vectra is still small enough you feel like you have the ability to influence and make local decisions in the day-to-day operations and goals of the bank.

    Cons

    In today's regulatory environment, being in the financial industry is tough and at times can seem rigid and indecisive. While I believe the management team at Vectra takes every opportunity to eliminate road blocks and bureaucracy, some things are inherit in our business today and this can be frustrating for employees and customers. No organization, or team, is perfect - and there are always growing pains as organizations adapt and change.


  2. Helpful (1)

    "Annonymous"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Vectra Bank full-time (More than 8 years)

    Pros

    Accessibility to the C-Suite creates a unique opportunity for exposure and to influence decisions and change. A large backing from Zions Bancorporation, coupled with a local feel that is customized in Colorado to suit our market is advantages to customers and employees.

    Cons

    There are a few pains associated with ironing out a consolidation in the all affiliate Charters to one (Z.B.,NA).

    Advice to Management

    Work with your employees. Employees leave managers, not companies. At this size, you need to have an open dialogue to disseminate information to your staff and support them in their careers. Some are really great and others not so much.


  3. Helpful (1)

    "V P Business Banking Account Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Denver, CO
    Former Employee - Anonymous Employee in Denver, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Vectra Bank full-time (More than 5 years)

    Pros

    Customers, prospecting and co-workers made my job at Vectra Bank enjoyable.

    Cons

    Managers were all "brow beaters", sexists and fearful of each other instead of being leaders. Quotas are KING and customers' best interests were misused to meet those monthly quotas. Employees openly discuss with each other their personal struggle with the need to compromise their ethics in order to maintain their job.

    Advice to Management

    Remember how costly Wells Fargo's recent scandal was when it was disclosed that employees routinely opened bogus accounts that customers did not need or even knew about, all in an effort to meet "performance quotas". It will eventually reflect on senior management and on your stock price.


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  5. Helpful (1)

    "Lots of long term employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Vectra Bank full-time (More than a year)

    Pros

    Supportive team and managers, flex scheduling, above average pay. Free parking or eco-pass. Many employees who have been there 10, 20 or more years. They are really investing alot of money in software and systems.

    Cons

    Top heavy. Lots of VPs in big offices that only work when they feel like it and brag about their expense accounts. Everyone in the bullpen has to punch a clock and do all the work. Pretty conservative/old school banking culture. Casual dress days are few and far between.

    Advice to Management

    Continue to work on flex scheduling, teleworking and other perks to reward employees.


  6. Helpful (1)

    "Sr Relationship Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Relationship Manager - Loan Assistant in Denver, CO
    Former Employee - Senior Relationship Manager - Loan Assistant in Denver, CO
    Doesn't Recommend

    I worked at Vectra Bank (More than a year)

    Pros

    Location, facility, free covered parking

    Cons

    Uninvolved manager, poor decision skils


  7. Helpful (1)

    "You will GO SOMEWHERE HERE!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Recommends
    Positive Outlook

    I have been working at Vectra Bank full-time

    Pros

    Fantastic leadership
    Supportive Culture
    Genuinely care about employees
    Collaborative - they really care about what you think.
    25% of our workforce was promoted in 2015. Our average employee has been here 7.09 years.

    Cons

    The organization is going through some changes and is attempting to become more technically advanced so that customers can do business with us in a simple, easy, fast method. Changing that takes time.

    Advice to Management

    Keep doing what you are doing in developing your talent.


  8. "Administrative Assistant II"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Colorado in Denver, CO
    Former Employee - Colorado in Denver, CO
    Recommends
    Neutral Outlook

    I worked at Vectra Bank full-time (More than 10 years)

    Pros

    Community involvement. Proactive and supportive teams. Strong focus on clients and the relationship building between them, really getting to know the customer.

    Cons

    Not enough career growth unless strictly involved in banking and finance. More job shadowing and opportunity exposure. More defined work-career pathing.

    Advice to Management

    There should be a plan in place that lists the next possible steps in advancement within the company to encourage personal and professional growth, so that employees can naturally progress and seek the next step.


  9. "company doesn't have a clear direction"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Doesn't Recommend
    Neutral Outlook

    I have been working at Vectra Bank (More than 10 years)

    Pros

    some employees have years of experience and knowledge and really care about the customers. sales employees are compensated based on production.

    Cons

    corporate driven, fewer career opportunities, low tolerance for risk in lending, and many departments feel isolated from the rest.

    Advice to Management

    get in tune with what customers today want, value employees, don't be stuck in old ideas of what banking is, be less conservative and take more risks to accept loans from customers with credit needs


  10. Helpful (2)

    "Good, but could be GREAT!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Vectra Bank full-time (More than a year)

    Pros

    Workforce mainly consists of individuals who are kind, approachable and willing to help. Provide moderate support in regards to continuing education.

    Cons

    Management could use some assistance in leadership and/or motivating their direct reports. Recent layoffs affirm this.

    Advice to Management

    Find out what motivates your employees, always a great place to start!

    Lots of great people within the company, take care of them.


  11. Helpful (1)

    "Good company with strong holding company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Denver, CO
    Current Employee - Credit Analyst in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Vectra Bank full-time

    Pros

    Strong corporate credit culture. Centralized underwriting team.

    Cons

    Technology is below industry norms. Consumer products are not competitive.

    Advice to Management

    Embrace stronger underwriting changes currently taking shape and independence of centralized underwriting team while providing adequate resources for these people to protect the bank.


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