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      Piermont Bank

      Engaged employer

      Piermont Bank Reviews

      3.3

      61% would recommend to a friend

      (32 total reviews)

      52% positive business outlook

      Piermont Bank has an employee rating of 3.3 out of 5 stars, based on 32 company reviews on Glassdoor which indicates that most employees have a good working experience there.

      Reviews by job title

      32 reviews
      1.0
      8 Nov 2023

      Toxic Management

      Fintech manager
      Recommend
      CEO approval
      Business outlook

      Pros

      Really nice office location. Great views over bryant park

      Cons

      Working at Piermont Bank was challenging due to ongoing issues that affected employee satisfaction. The high turnover rate, inconsistent management practices, unprofessional behavior, and micromanagement created a difficult work environment. The company's high turnover rate resulted in instability and hindered team cohesion. Inconsistent management practices, particularly in policies such as remote work and vacation allowances, caused confusion and unequal treatment among employees. Unprofessional behavior, including gossiping and discussing employees behind their backs, damaged trust and morale. Micromanagement stifled autonomy and hindered progress.

      avatar
      Piermont Bank Response
      2y
      Thank you for taking the time to write about your time at Piermont Bank. I'm sorry to hear that you're not enjoying your time as an employee of Piermont Bank. As a current employee, you have direct access to the HR team and Exec Team to voice your concerns if you'd truly like them to be remedied and I urge you to do so. The FinTech Team that you note being a part of has not had a lot of turnover at all, we've added two remote team members this year and all other members have been with us for at least a year with one recently hitting the two year anniversary. The remote work policy, allows for all employees to work remotely on Thursday and Friday unless there is a business need that requires you to be onsite. The vacation allowances is a standard program and is outlined the the Employee Handbook and PTO policy, if you believe you have less PTO than you should please speak to your Manager or HR. In regard to the unprofessional behavior, I can't speak to that as I do not know who or what specifically you're referring to. Always happy to listen to our Employees but they do have to speak up to be heard.
      1.0
      16 May 2023

      Toxic to the core

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Bryant Park is a great location

      Cons

      -Extreme toxicity -Significant turnover -Favoritism -You will be pitted against your coworkers -You will work weekends -Broken promises -Bad benefits -Retaliation -You will be gaslit, routinely -Yearly compensation increase is consistently under inflation for most employees -1/4 of the bank does the majority of work -CEO speaks poorly about own staff

      1.0
      19 Oct 2023

      Toxic from top down

      Operations manager
      Recommend
      CEO approval
      Business outlook

      Pros

      None. Cannot think of any to mention.

      Cons

      Where do I start... the organization is so toxic from the ceo, cfo, hr, marketing. How is the head of marketing in charge of the branch? Why is the friends of the ceo at the company spying on the employees and reporting back? The fake niceties and so apparent. The turn over rate is unimaginable. Over 50 employees left or fired in less than a year. HR emailing people asking for them to write a good review on glassdoor. Are there no line these people will not cross?

      avatar
      Piermont Bank Response
      2y
      We’re sorry to hear that your time with us was less than ideal as an ‘Operations Manager’ but to call our organization toxic is extremely unfair based on very few facts noted. First, we have not lost an Operations Manager in the last two years. The last Operations Manager we lost was due to not being able to work remotely 100% of the time. We certainly hope the "toxic" environment was not a result of being unable to work remotely 100% of the time. We do not have a culture of spying. The team at Piermont is very hard-working, and frankly, there isn’t time for that kind of behavior. It is beyond an absurd claim. The bank employs about 50 employees, it is not possible to have turnover of over 50 employees in less than a year. We recognized that we had some turnover as we are a newer institution trying to build a new kind of banking. And managing COVID-related restrictions in the past few years and the continued desire to work remotely by many. There are, unfortunately, growing pains, but we continue to make improvements for our employees. This is also why we actively solicit feedback from our employees, including utilizing Glassdoor as a forum for reviews in case they are more comfortable sharing anonymously. HR never asked employees to share only positive reviews. We’d be happy to share the email template from Glassdoor that we used to elicit feedback, good, bad, or otherwise. We wish you well in your next role and hope that in time your ill feelings toward our Bank fade away.
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      ReviewsPiermont Bank reviews

      Glassdoor has 34 Piermont Bank reviews submitted anonymously by Piermont Bank employees. Read employee reviews and ratings on Glassdoor to decide if Piermont Bank is right for you.