Avoid - Credit Analyst First Guaranty Employee Review

1.0
Mar 14, 2025
Recommend
CEO approval
Business outlook

Pros

Credit team is good and the managers care about the department

Cons

Not sure where to start. -salaries below market average -cheap health insurance was a major selling point but costs went up a lot this year especially if you have a family plan -if your job is not at the main branch in Hammond, you’re basically completely out of the loop on what’s happening in the bank. Poor communication all around -management is AWFUL: A first round of layoffs happened august 2024 and a second in February 2025, both a direct failure of management. Additionally, some branches were closed in LA in 2024. More on this below -as a prospective candidate thinking about applying to a job here, YOU SHOULD BE AWARE, the bank got in trouble with examiners last year for not having enough deposits. Instead of cutting back on loans and pushing deposits, management continued approving loans with no deposits. Examiners came back, saw the problem still existed, and escalated it. The bank has not been making new loans since around May 2024 -previous CEO was forced out of his role because of the examiner debacle but he still has a prominent role on the board. I’m not as familiar with the new CEO but management plays favorites often -the bank says it cares about its employees and says it promotes a great culture but nothing could be further from the truth. Toxic environment

Explore other reviews about First Guaranty

5.0
Feb 19, 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nice management to work for.

Cons

Way too much drama in a small space.

4.0
Mar 23, 2026
Recommend
CEO approval
Business outlook

Pros

Very capable IT department. They tackled multiple projects using an efficient staff.

Cons

None that I can think of.

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