Pros
1. Successful Merger: The bank successfully completed a Merger of Equals in the past year, showing its adaptability and strategic thinking. 2. Talented Team: The bank boasts a team of smart, dedicated, and talented people who collaborated cross-functionally to seamlessly bring the two organizations together. 3. Positive Work Environment: There's a palpable intention to create a positive work environment, and this has resulted in a supportive and inclusive culture. 4. Open Communication: The Senior Leadership is open to listening to employees and shares vital information regularly, fostering a culture of transparency and trust. 5. Strong New Leadership: In corporate services, the bank has brought in strong leaders who are new to the business and keen on strengthening various areas of the organization, demonstrating a forward-thinking approach.
Cons
1. Change: While change is often good, the transformation following the merger may have left some employees feeling unsettled because it "isn't the way we always did things." But for the most part, the change and leveling up is a good thing. 2. Regional Banking Instability: Although the bank hasn't been directly impacted, the instability following the collapse of Silicon Valley Bank's California Regional Banking operations might create some unease. 3. Integration of Cultures: Despite leadership's efforts, bringing two different cultures together is an on-going task, and there may be some lingering feelings that need to be addressed. 4. Growing Pains: Transitioning from a small to a mid-sized company comes with its own set of challenges, including new processes, policies, and dynamics that may take time for all employees to adapt to.