Great Benefits, No Opportunity - Anonymous employee Extraco Banks Employee Review

4.0
May 11, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Extraco has a great benefit package. They pay the full amount for a single person's health plan. They also pay for life insurance and short-term and long-term disability insurance. They have a tuition assistance program but you have to be approved if it's for a master's program. The culture used to be very family oriented but they've gotten away from that. The employees were very sweet to work with and treated you like family.

Cons

They don't contribute much to your 401k, just .25 for every dollar up to 6% of your salary. The promotion opportunities aren't great. They definately follow the good ol boy banking philosophy and favor male employees. It's a great place to work if you have no desire to ever be promoted.

Explore other reviews about Extraco Banks

5.0
Aug 19, 2024
Recommend
CEO approval
Business outlook

Pros

Terrific work environment and employee engagement is typically high causing good morale among team

Cons

Frequently understaffed and working short

4.0
Jan 14, 2026
Recommend
CEO approval
Business outlook

Pros

Great banking professionals who have a lot of expertise in the field and know how to service their community.

Cons

The pay could be better. Upward mobility can be hard depending on retirement of higher ups.

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