No longer a community bank - Loan Production WaFd Bank Employee Review

1.0
24 Jul 2016
Recommend
CEO approval
Business outlook

Pros

The footprint is ever expanding and turnover is high, so there will always be positions available for people seeking work.

Cons

This used to be a company that took pride in being a community bank. It used to take pride in its "common sense lending" and embrace its strength as a portfolio lender, but I don't see that the focus is on community lending as much as valuing its commercial lending. I don't see a lot of "common sense" any more. The company is no longer embracing what made it unique and is, instead, trying to be like everybody else... And let me tell you, as late as we are coming to that party, I don't see how we can possibly succeed on that path. This used to be a company that if you could survive the low pay you could actually make a career here without having to be an executive. It was a company where you put up with the crappy pay because you believed in the promise, the integrity that the company stood for. That's not the case any longer. Not only is the sense of integrity gone but the company has proven time and again that it doesn't care about the people who put their own integrity behind it. It feels like they are trying to get rid of the people who try to hold them accountable to the values they claim to stand for. All over the country people are being asked to do three and four people's jobs for a single job's salary, I'm sure, so this probably isn't unique. It's just disheartening to know that if you came in from off the street you would not only be offered a higher salary but also have less expectations of being able to take on task after additional task. Clearly, there are those of us who are very competent. Why don't you pay us at least as much as someone who may or may not ever prove to be competent? We have invested in you. Why won't you invest in us?

Explore other reviews about WaFd Bank

5.0
18 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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