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First Midwest Bank

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First Midwest Bank Reviews

3.5

63% would recommend to a friend

(283 total reviews)
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Michael L. Scudder

78% approve of CEO

49% positive business outlook

First Midwest Bank has an employee rating of 3.5 out of 5 stars, based on 283 company reviews on Glassdoor which indicates that most employees have a good working experience there. The First Midwest Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

283 reviews
3.0
Jul 9, 2021

Meh

Recommend
CEO approval
Business outlook

Pros

You'll enjoy it if you like sales with low pay.

Cons

-Retail Sales. -Compensation for meeting quarterly goals is embarrassingly low.

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First Midwest Bank Response
4y
Thank you for taking the time to share your feedback with us. We’d love to learn more about your experience with the current sales goals we have in place and how we can improve these for our employees. Please email us at recruiting@firstmidwest.com .
2.0
Feb 12, 2018

The Bank That Used to Care.

Recommend
CEO approval
Business outlook

Pros

Swanky new digs, I hear. They pay well, and mgmt has been generous with bonuses...in the past. They say all the right things...

Cons

But their growth goals exceed the grasp of their constantly revolving management staff and they chew through people. FMB was once a place you worked for till you retired, front office or back. Then Mike Scudder came in with the stated goal of "boosting the share price." Those were the first words out of his mouth. The he promptly fired all the Small Business Bankers. A lot of those people had a lot of years, and contacts, and they just waltzed out the door. Now there's a constant stream of people, and their collective knowledge, walking out the door in banker's boxes. Departments changing locations, merging, each of you hoping the other one knows what she's doing. Ancient technology. DOS? Seriously? Because you won't pay for the Window's version? FMB is no no longer the nice, small town bank (with 100 branches) where people looked forward to going to work. FMB bought it's way into the City to play with the big boys , and promptly picked up all their bad habits along the way. Goals! Metrics! Growth! More products! More Fee Income! My last manager's favorite quote was "it's not your fault, but it is your problem" which was not just degrading, insensitive, and infuriating, but make me feel like I was constantly cleaning up after other people's messes, because I was the "reliable" one. His other favorite phrase was "don't come to me with a problem, come to me with a solution. B, if I had a solution, we wouldn't be having this conversation, now would we? I'm gone. Only 1 of the 5 people I worked with is still there 5 years later. He got rousted in one of our bi-annual corporate "reorganizations." Neither of us is missed

1.0
Dec 15, 2017

Vice President

Recommend
CEO approval
Business outlook

Pros

Pay is decent and benefits. That’s about it. Some support staff are good employees. Not much else to say. Sell the bank.

Cons

Management doesn’t support employees. They give out unrealistic goals that set you up to fail. Constantly stabbing each other in the back. Lies lies lies.

Viewing 1 - 3 of 283 Reviews

Glassdoor has 303 First Midwest Bank reviews submitted anonymously by First Midwest Bank employees. Read employee reviews and ratings on Glassdoor to decide if First Midwest Bank is right for you.