ANB Bank reviews

MANAGEMENT, OWNERS, MIDDLE MANAGEMENT, cliques, pay rate, very costly benefits, out of control micro management by mid level managers/supervisors that have no real knowledge or experience in lending.

ANB Bank is the rebranded name of American National Bank. This rebranding occurred because American National Bank changed from a federal charter to a state charter after the great recession primarily to change its regulator from the OCC to the FDIC. This is because the OCC basically tore the bank to pieces during the great recession due to bank mismanagement and risky loans. The bank would have failed if it had not been for massive asset purchases made by the bank's *CENSORED* to strengthen the bank financially. During the great recession, ANB kicked nearly $1 billion worth of loan customers out of the bank, and this left behind a very substantial political capital deficiency for the company - one that it will likely never be able to overcome. This means that the bank randomly declared loans in default, declared it would not renew loans, or took advantage of other situations to tell clients to find another bank and that American National Bank would no longer serve them. Those customers who were punted by the bank 1) haven't forgotten, 2) won't forget and, 3) are happy to tell current and prospective clients about how they were treated. This reputational problem makes business development very challenging for ANB Bank employees, because customers are wary about the prospect of being kicked out of the bank when the next recession comes. Prior to the great recession, *CENSORED* was absentee and passive. *CENSORED* is now heavily involved in the bank, and involved with every weekly loan committee meeting and retains veto power (rarely used). 100% of the bank's *CENSORED* has turned over in the time that has elapsed since the great recession, with one surviving exception, who has subsequently been reassigned/demoted a number of times. The turnover of *CENSORED* is reminiscent of the forced departure of clients that occurred during the great recession, and has led to a number of unhappy and/or disgruntled former American National Bank and ANB Bank employees who will do the company no favors. This is another factor that serves as a roadblock to growth for the bank. ANB has material issues with nepotism and favoritism, along with a highly erratic and volatile "flavor of the month" employee preference that management exhibits towards employees, based on a short-term, what-have-you-done-for-me-lately process of reaching meritocratic conclusions. Regarding nepotism, look no further than *CENSORED*. *CENSORED* at ANB is primarily populated by former 1stBank employees who left that bank for one reason or another (most commonly because they were passed over for a promotion at 1stBank). The bank's entry-level employee turnover is about double that of the average bank. This could be because of a poor onboarding system, poor management engagement, and low compensation.