Certainly love/hate - Assistant Manager Flagstar Bank Employee Review

3.0
18 Sept 2023
Recommend
CEO approval
Business outlook

Pros

Flexible, work environment at the branch level is enjoyable, executive management doesn't expect staff to force products onto customers. Since Flagstar merger significant improvement shown.

Cons

These are from NYCB prior to the merger as I am an NYCB employee, cons marked with an asterisk (*) are still an issue but have been improved since the merger. Technology* Outdated operations* No executive visibility* When policies roll out they are unclear and often several revisions are needed Pay* (Flagstar has implemented an incentive structure, base pay still lacking) Communication between back office and branch is often vague, unprofessional, and provide no assistance, 2nd and 3rd requests often needed for a response. STAFFING- I cannot stress this enough, almost 10 years here and for about a collective 12 months have my branches been at 80% staff or higher. Usually branches operate about 60% or less

Explore other reviews about Flagstar Bank

5.0
27 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Very knowledgeable and helpful people who are experts in enterprise systems

Cons

N/A during my time with the company

2.0
10 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Benefits are decent. Average PTO

Cons

My experience with this company has been disappointing. Branch goals are unrealistic with no marketing or brand awareness to support the high goals and teams feel defeated. Senior leadership often communicates in a demeaning way, which has contributed to high turnover and declining morale. Despite emphasizing the importance of ‘hiring right,’ the President of Consumer Banking has cycled through three heads of Consumer Banking in just three years. The annual review process is long and drawn out (5 month process) and feels inconsistent and more like a popularity contest than a true evaluation of performance. Although the scale ranges from 1–5, employees are told that most ratings will fall in the 2–3 range, with 4s being rare and 5s essentially unattainable. The calibration process appears to focus more on filling predetermined rating quotas than assessing actual contributions. Employees are required to write their own reviews, which are then rewritten by leadership before being sent to HR for calibration. The final ratings often seem influenced more by internal politics than by merit. Annual increases are very minimal or zero. Overall, the environment lacks transparency, fairness, and genuine support for employee growth.

5
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