Rapidly declining workplace - Don't accept a job here - Anonymous employee Equity Bank Employee Review

1.0
16 Jun 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Most of the employees of Equity are great people. Unfortunately, that's the only thing good left to say

Cons

Since going public, the company has been in decline...profits and numbers are more important than anything. Their core values supposedly include "integrity" and "respect." However, in just ONE example (there are many) of how they fail to uphold these values, Equity has recently forced employees to open a checking account with the bank in order to receive direct deposit paychecks. Furthermore, if you opt for a paper check, you will not get paid even close to on time. Last, other than the glaringly obvious overstepping of what an employer should ask of their employees to get paid in a fair way and on time, it also feels that you're participating in dishonest practices. They claim this is to represent the bank and "know our products," but the real reason is so they can meet lofty goals that they set before the bank went to NYSE and make accounts/deposit numbers look better than they really would be (it sounds dangerously close to the realm of misleading the shareholders, doesn't it?). Other downsides include being forced to work 2 of the 10 paid federal holidays a year, one of which you're attending a corporate propaganda conference where they pat their backs and "entertain" you with childish skits, being constrained by 1950's workplace rules (covering tattoos, they don't like you to have beards, etc), even if you're a back office worker who never interacts with the public, the CEO literally swears AT people and yells and low-level employees, he overrides decisions that he doesn't understand and makes no attempt to understand, their benefits are a joke compared to other companies of similar size, most departments are severely understaffed which leads to poor work/life balance and high stress, upper level management turnover is rapidly increasing as people get sick of dealing with Brad (CEO), this turnover is leading to constant restructures of departments to the point that people are overseeing departments in areas in which they have little to no knowledge or experience, the main office (Kellogg and Rock road) constantly has vehicles in the parking lot getting vandalized (tags stolen, catalytic converters cut out), this list could be a mile long. Simply put, Equity has become a "what can our employees do for us" type of workplace rather than "how can we support our employees." It's very disappointing, because this used to be a fantastic place to be, but greed and power have taken precedence over "integrity and respect."

avatar
Equity Bank Response
2y
We are sorry to hear that this has been your experience at Equity Bank. We would like to learn more about your experience to better understand your situation. We strive to be an employer of choice and continue to be recognized as one of the best places to work! Please contact us at hr@equitybank.com to start a conversation to see how we can improve your experience.

Explore other reviews about Equity Bank

5.0
20 Dec 2025
Recommend
CEO approval
Business outlook

Pros

Opportunity for advancement is endless. Great co-workers. Fast-paced environment.

Cons

Benefits could use a little upgrading

2.0
20 Nov 2025
Recommend
CEO approval
Business outlook

Pros

With the high turnover rate you get the opportunity to move up rather quickly and gain a lot of knowledge that can help you move on quickly. Some very friendly low to mid level employees.

Cons

Equity has really poor management from the top. The CEO is very dictatorial and refuses to loosen his grip, even though it could be the downfall of his organization. Lots of wasted time, money, and effort on things that don’t matter, or on things that do matter but are canned before full realization. Mediocre compensation. Not the worst but definitely not on par with some other local companies. Working holidays with no reimbursed vacation is really unfortunate for an FI. Especially when the “work” on those days is just a waste of everyone’s time. They preach community focus as a core value but I rarely saw any community involvement from HQ, only small/rural branches. They grow primarily through acquisitions but the do these so frequently that they are growing far too fast for their own good. They really need to take some time to fix their foundation before continuing. There are tools in place for remote work, but it is strictly not offered (unless you’re best friends with someone that has “chief” in their title, of course). The tools for remote work are so that you can continue working after your 8-5 is over. How else are you expected to maintain 55 hours a week?

1
See reviews by: Helpful|Rating|Date|All