First Merchants reviews

3.5

60% would recommend to a friend

(55 total reviews)
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Mark K. Hardwick

71% approve of CEO

57% positive business outlook

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55 reviews

Reviews about "Compensation"

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1.0
Oct 30, 2020

Executives don't care about employees

Recommend
CEO approval
Business Outlook

Pros

Most people (outside of upper executives) are good to work with. 401k match is decent but takes 5 years to be fully vested. Tuition assistance is available, but you have to be there 2 years after using it for the company to cover 100% of it.

Cons

Health insurance is very poor. Only high deductible health insurance is available, which is becoming more common, but the deductible is super high with very high premiums as well. The bank is always looking for a bank to acquire and doesn’t really care how it goes, or if people stay. The bank is very cheap and the technology is very outdated. Employees aren’t always replaced, their work is just spread out, leading to more work for everyone. Also leads to overtime, however, you’re likely salary, so you won’t get any. Start out with 12 PTO days and 8 sick days a year. The sick time accumulates but is not paid out if you leave. So may as well use it up. Don’t feel like I can trust the bank. Was promised to be “fairly rewarded” for significant overtime dealing with PPP loans. However, 6 months later, and still nothing has been done. Management is very out of touch with anyone who isn’t an executive.

4.0
Jul 19, 2020
Recommend
CEO approval
Business Outlook

Pros

First Merchants is a company that definitely cares about its clientele as well as the people that work for them. There's always room for growth if you're wanting to transition into a different position, whether that's retail or commercial. Great work-life balance. Managers are usually pretty understanding if unusual circumstances arise.

Cons

Unfortunately, because the company is a smaller bank, the pay is a lot less than the bigger banks. As well as the transaction processes behind the teller line not being up-to-date with the larger banks. You may sometimes feel like you have to internally make the pay worth it for all the things required of a teller.

Viewing 37 - 39 of 55 Reviews

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