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Sterling Bancorp

Acquired by Webster Bank

Is this your company?

Worst Employment Experience - Managing Director Sterling Bancorp Employee Review

1.0
17 Aug 2014
Recommend
CEO approval
Business outlook

Pros

My colleagues were for the most part great. They are all professional and knowledgeable.

Cons

When you are hired it seems that you will be earning a comparable salary and bonus structure to other bank's. Their contribution report keeps changing and there is no way to make money when they hit you for egregious charges. You are left to sink or swim as there is no leadership or management. Executive Management is just there to sell the company, make millions, and get out instead of creating a long lasting institution for their clients. This is a commercial bank that still is operating as a small upstate bank with those in charge having little experience in the market and clients they are serving and believe their way is best. There is absolutely no collaboration. Provident Bank under the new leadership is a disaster for Sterling which was a solid bank and brand in the market. Provident's leadership is destroying what is left of Sterling. Human Resources is a joke, when a complaint is made they never even bother to call you back.

Explore other reviews about Sterling Bancorp

5.0
2 Feb 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Competitive salary and kind people

Cons

They didn't have room to grow

2.0
27 Nov 2018
Recommend
CEO approval
Business outlook

Pros

Average salary. Will pay for certifications and schooling. Average bonus program. Fast growing company. If you’re a workaholic who never leaves the office, this is the perfect place for you.

Cons

Very disorganized post-Astoria merger. Blatantly obvious they were unprepared for systems merger. From an internal view the bank appears to be growing too quickly and thus does not have a good “handle” on day-to-day operations due to operating in a constant state of flux. They appear to put bandaids on problems instead of fixing them outright, regardless of how simple or complicated. They refused to adopt any Astoria system, which in hindsight were (for the most part) much more user-friendly, efficient, and accurate. They preach a “work-life balance” but then turn around and expect un-compensated overtime. They don’t hide this, their motto is essentially “do more with less”. They preach lean-six-sigma (efficiency model) but do not adhere to that mantra except for cutting staff and piling work on the remaining colleagues. They care more about “special projects” then normal job functions, and consider a “successful” project as one that is completed/implemented, regardless of whether it actually works or not which more often than not, it doesn’t. Dont expect to promote here unless you dedicate your life to them. Lastly, their customer data is a disaster after numerous rapid mergers/acquisitions.

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