Avoid at all costs! DO NOT WORK HERE! - Anonymous employee Equity Bank Employee Review

1.0
9 July 2021
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They pay ok I guess but they have to in order to fill the constant revolving door of openings throughout the company except at the top. You could probably promote quickly if you were dumb enough to stay because again, constant openings throughout the company.

Cons

Literally everything else about this company. Without a doubt, THE. WORST. COMPANY. IVE. EVER. WORKED. FOR. It's not even close. This is the most poorly run, poorly managed, chaotic, unorganized, lost, directionless, dumpster fire of a company I have ever worked for or even heard of. I am in shock every day when I come to work and the lights are still one. If you have ever worked for literally any company but especially ANY BANK ON EARTH, you will quickly realize no one has any idea how to run a bank at Equity. The policies are outdated or nonexistent, the procedures are wrong, flawed, outdated, all of the above. The wrong people in the wrong departments are handling tasks that are done by other departments at every other bank that exists. The software and hardware are old and outdated and no plans to upgrade anything. The accounts, rates, products aren't competitive in any way to other real banks. Training in all departments and especially the branches DOES NOT EXIST. Every day, I am astounded at how many branch managers, regional presidents, bankers, lenders, etc that are employed here that have ABSOLUTELY NO IDEA about any number of basic banking products and procedures, loan products and procedures, etc. Minorities of any kind are not welcome at this very racist, very conservative bank. COVID precautions DID NOT EXIST because the buffoon CEO thinks it's all fake. If you question the CEO about ANYTHING, you are walked out the door. HR looks the other way because no one stands up to senior management at all. This bank is a punchline to all the other much better banks in the area. Yet, despite just how terrible this bank is run, the clown CEO thinks that they need to buy more banks every single year because he thinks thats what means success. I feel terrible for employees at smaller banks Equity will buy because Equity will ruin your bank. I can't stress enough, DO NOT WORK HERE. I WILL SPEND THE REST OF MY LIFE WARNING PEOPLE OF THIS BANK.

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Equity Bank Response
4y
We appreciate your candor. It seems like your experience is much different from other employees. We have been recognized from outside sources many times for our culture and success. Your allegations are troublesome and we would ask that you give us an opportunity to respond to your concerns in person. The best approach to understand your concerns would be to have a direct conversation with you. You are invited to contact me directly at psalmans@equitybank.com to start a conversation. Equity Bank is one of the fastest growing banks in the Midwest with an entrepreneurial spirit. As entrepreneurs, all employees are empowered to move the ball forward for our customers. This mindset has helped Equity Bank grow to more than $4 billion in assets, became a publicly traded company, and continues to thrive in today's economic times.

Explore other reviews about Equity Bank

5.0
20 Dec 2025
Recommend
CEO approval
Business outlook

Pros

Opportunity for advancement is endless. Great co-workers. Fast-paced environment.

Cons

Benefits could use a little upgrading

2.0
20 Nov 2025
Recommend
CEO approval
Business outlook

Pros

With the high turnover rate you get the opportunity to move up rather quickly and gain a lot of knowledge that can help you move on quickly. Some very friendly low to mid level employees.

Cons

Equity has really poor management from the top. The CEO is very dictatorial and refuses to loosen his grip, even though it could be the downfall of his organization. Lots of wasted time, money, and effort on things that don’t matter, or on things that do matter but are canned before full realization. Mediocre compensation. Not the worst but definitely not on par with some other local companies. Working holidays with no reimbursed vacation is really unfortunate for an FI. Especially when the “work” on those days is just a waste of everyone’s time. They preach community focus as a core value but I rarely saw any community involvement from HQ, only small/rural branches. They grow primarily through acquisitions but the do these so frequently that they are growing far too fast for their own good. They really need to take some time to fix their foundation before continuing. There are tools in place for remote work, but it is strictly not offered (unless you’re best friends with someone that has “chief” in their title, of course). The tools for remote work are so that you can continue working after your 8-5 is over. How else are you expected to maintain 55 hours a week?

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