CEO is a nightmare - Mortgage Underwriter IBC Bank Employee Review

3.0
7 July 2020
Recommend
CEO approval
Business outlook

Pros

I liked the people I work with on a day to day basis. Middle management is supportive as they can be I worked on the mortgage side and if you I was able a lot of autonomy provided I could get my work done. They paid into retirement for you. Mid level managers value input If you work managers will help and move you along a career path.

Cons

Pay is below industry standard for most positions. This is especially true on the retail bank side. You pay for your benefits. While they set aside money for your retirement. You have no say on how it is invested. It is put into a plan that is very low risk and low return. While this is great for some....not everyone benefits as younger people need to build stronger return while they are young. Most people need returns of more than 2% in order to retire. CEO is very old fashioned. You will have a required Christmas party every year for your yearly bonus. At which time you will be berated like a high school teenager. He will go on and on about your shortcomings letting you know you should be grateful for your job and here is a bonus what we might not do again. I never heard the one positive thing come out of the CEOs mouth. Instead we would be told we are ungrateful for what is provided and premadonnas. Never mind the fact that starting pay will not pay for an apartment in any major metro area. Since they underpaying throughout the corporation, high turnover exist. People in all areas get there experience and move on so your manager will constantly be hiring to try to backfill positions. You will constantly be behind the curve as the CEO most approve all job openings and all raises so it would sometimes take 6 months after a promotion before a raise was realized. The motto is "we do more" they will chant this at meetings. Somewhat cult like as they expect you here and buy into the culture and sacrifice family time to do it. No PTO. You get two weeks vacation and then sick time. Sick time can roll over but vacation does not. You either use or lose. During Covid I saw a girl cry because she was having a problem finding child care. They advice of HR and upper management was they would allow her to use her sick days. One girl had to quit because of this arrangement. No work from home. You must come into work even during Covid. No accommodations were made until there was a large group of people calling the health department and raising so much of a fuss they had to take notice. Our first email during Covid from CEO was to not call in sick as your just pushing your work onto someone else.

Explore other reviews about IBC Bank

5.0
20 Mar 2026
Recommend
CEO approval
Business outlook

Pros

IBC offers a fun, low stress environment. Management gets along well with frontline employees and always has celebrations for employees.

Cons

Could be low pay but it’s an entry level job and gives you the opportunity to move up.

1.0
22 Apr 2026
Recommend
CEO approval
Business outlook

Pros

You could make really good friends....

Cons

GARBAGE pay for such a high-responsibility position. You’re doing way more than a regular teller, but the compensation does not reflect the workload at all. They advertise “competitive pay,” but every other bank in my area starts on average $4–$5 higher. The only “extra” compensation is micro bonuses for CC referrals, account openings (SALES ONLY — $7 per MAX POINT account), and JDP surveys, ranging from $25–$35 per successful one—good luck consistently hitting those. Be ready for long lines, nonstop pressure, and constant feedback about metrics and performance. It’s a high-stress environment that does not match the pay level. Once you’re cross-trained, expect to be doing the work of both a teller and a sales role while receiving none of the benefits of the sales point system that is supposedly used to justify the structure. Use this job as a stepping stone into banking, but don’t treat it as a long-term option—it’s not worth the stress. Across the industry and even locally, compensation is noticeably higher for similar or even less demanding roles. There’s no real rush or clear structure for advancement, but at least with the periodic mass layoffs used to cut costs and reset staffing back to lower pay levels, there’s technically opportunity to move up during turnover… (you still might be the one getting let go anyway).

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