First Niagara Financial

  www.firstniagara.com
  www.firstniagara.com
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1 person found this helpful  

Lies, Lies, Lies

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Product Manager  in  Buffalo, NY (US)
Current Employee - Product Manager in Buffalo, NY (US)

I have been working at First Niagara Financial full-time for more than 5 years

Pros

Parties are fun, Senior Management pumps you up with motivational fluffery.

Cons

Executives, Leadership Council, and Managers can not be trusted. They promote the CULTURE as outstanding. They need to stop talking to themselves. If anyone tries to provide constructive advice or make real change - they are silenced. Look at the long list of outstanding leaders who have been let go for no reason and with no notice.

John Koelmel, the CEO is out for himself and that permeates the organization. Mr. Koelmel has FNFG pay for company events that are personal parties for him. He is a bully that is not capable of listening. As soon as someone as a different idea than his, that person is escorted from the company. I have seen it time and time again.

The lack of integrity permeates the management ranks. They make promises they do not live up to. They are dishonest people. The Management Committee members on down will tell you how great they work together and the great culture. Then behind closed doors they put themselves first - time and time again. Do not be fooled!!

Advice to ManagementAdvice

The Board of Directors needs to wake up and replace all the lying, dishonest, promise-makers who take care of themselves at the expense of customers and employees.

Management and all employees - keep your resumes updated as you are all replaceable and your "teammates" are plotting your exit that could occur at any time.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

48 Other Employee Reviews for First Niagara Financial (View Most Recent)

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  1. 1 person found this helpful  

    Leadership catastrophe

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at First Niagara Financial full-time for more than 5 years

    Pros

    great logo colors; decent PTO; community involvement

    Cons

    Weak Leadership; Weak Organizational Development and HR departments; extremely political environment; little accountability; no infrastructure (although they are spending some major $$ just to catch up to competitive market) poor stability and portfolio ratings, ESOP plan decreased by>60% during 2012, stock price is pitiful.

    Advice to ManagementAdvice

    Recognize that the organization can only progress to the level of the leader--the organization has been set up to become a case study for learning by neglecting to properly assess talent and culture before executing M&A activity--listen to your employees before pulling the trigger, they are your greatest assets and have the ability to fill the gaps and blindspots of management. Also, competence levels of execs needs to be evaluated--many are in way over their heads.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Philly region

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service  in  Harleysville, PA (US)
    Former Employee - Customer Service in Harleysville, PA (US)

    I worked at First Niagara Financial full-time for more than 5 years

    Pros

    The people I worked with daily. My vacation and flexibility since my supervisor was in Buffalo.

    Cons

    They lay people off left and right.
    They don't know the market they got into when they bought Harleysville National Bank.

    Advice to ManagementAdvice

    Know your market and stop putting fluff in your employees ears about the culture and how great it is. Not really that great if you're laying off employees all the time. If they would have done proper due diligence they wouldn't need to lay good people off.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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