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First Bank (Alaska)

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Happiness Depends on Your Boss/Where you Work - Anonymous employee First Bank (Alaska) Employee Review

3.0
28 Jan 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Always something to do, but never too stressful or over-burdened - Current CEO has been very proactive in sharing information on the company, financial position, strategy, moves to strengthen the company during the recent downturn in banking and crumbling of the mortgage markets - Many terrific, hard working peole work here

Cons

- Performance feedback is spotty at best - usually only those who are doing poorly are given feedback, the rest are taken for granted - Many of the managers with whom I come into contact are non-confrontational and not willing to fix the problems or the people responsible for them... head in the sand for many is the way to go - No raises for the last 2 years - expected during this economy and market, but is still a con - Average benefits, decent costs, but no tution reimbursement, no discounts to gyms, etc. - Some departments are often the last to know of a major change or project that impacts a lot of people - leaves them scrambling and makes them look bad when the information doesn't get out on time or when the information gets out on time but is incomplete/lacking - "Required" is rarely enforced (appraisals, coaching feedback, etc)

Explore other reviews about First Bank (Alaska)

5.0
5 Nov 2021
Recommend
CEO approval
Business outlook

Pros

Wonderful people committed to the communities that make up Southeast Alaska.

Cons

The longevity of the employee’s at First Bank and limited market growth in Southeast Alaska can limit opportunities for advancement for our newer employees.

4.0
20 Nov 2008
Recommend
CEO approval
Business outlook

Pros

First Bank is one of the last remaining local community banks where the employees know the customers by name and the President knows all of his employees. There is something to be said for being able to pick up the phone, call the CEO and tell him your problems. Additionally, First Bank has a rapidly ageing senior management cadre, many of whom are withing 5 years of retirement. This opens up many possibilities for advancement for the new generation of officers, of whom there are not too many, so competition for promotions should be minimal.

Cons

Compensation is not in line with some other banks in Southeast Alaska. As best I can tell, it is an average of 10% lower than what you might make in a comparable job at Wells Fargo or First National Bank of Anchorage. Top management is getting old and somewhat out of touch with changing customs and norms. Technology is not the priority it should be, so as a result, our online bankin website (for example) is not up to par with other banks' websites.

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