15 Employee Reviews (View Most Recent)

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Growing too quickly for morale to keep up

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Teller  in  Champaign, IL (US)
Former Employee - Teller in Champaign, IL (US)

I worked at First Busey

Pros

Because it is a fairly large bank, compared to most community banks, Busey can afford to compensate its employees better than many small banks. There are also very good benefits, from relatively inexpensive health and dental insurance, to an amazing 401K with 5% match, profit sharing, and stock sharing. Busey also has friendly, helpful senior leadership that make themselves available to all employees, from the managers to the tellers. They hire internally first, so if you want to move up in the company, you only have to be at your current job 6 months to be eligible for another job, and you'll often get it before someone not with the company.

Cons

One of the downsides to hiring internally is that people who are less qualified are often given jobs over non-Busey outsiders. This results in a lot of training, and times where people that are above you, and thus supposed to be guiding you, have no clue what they are doing. Busey also merged recently with Main Street Bank, and the company morale took a nosedive. Many people got fired to put someone with less or equivilent experience in their job, because the company could pay those people less money. Many, many people, including some who have been with the company for 40+ years were either forced into "retirement" or quit to go find jobs where they were treated better. As some people leave, new people are not hired, forcing current employees to take over their tasks with no increase in pay. Policies change daily, without much notice to employees, until they get in trouble for not doing their job correctly. Managers can be inflexible, including telling students to work their schedules around when they're needed to work at the bank. Busey has also, though paying fairly well, failed to keep up with the rising minimum wage in Illinois, so entry level personnel are compensated less than they should be.

Advice to ManagementAdvice

Raise salaries to go with the rise in minimum wage, recognize that part time employees are students first and employees second, and communicate more with everyone.

Doesn't Recommend
No opinion of CEO

Other Reviews for First Busey

  1.  

    They cannot make up their mind of what they want to be.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Vice President
    Current Employee - Senior Vice President

    I have been working at First Busey full-time for more than a year

    Pros

    The company like to lend based on character rather than only credit metrics which is good for marginal credits. They truly value relationships.

    Cons

    If you do not come from the area there are no real opportunities for growth. You will not be trusted.

    Advice to ManagementAdvice

    Keep an open mind an try not to use nepotism for making decisions. There are other ways and other people who can help. There are other ways to grow the business not just cost cutting.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Busey provides valuable experience to employees and offers room for growth within.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker  in  Urbana, IL (US)
    Current Employee - Personal Banker in Urbana, IL (US)

    I have been working at First Busey full-time for more than a year

    Pros

    Hires from within, good incentives for reaching sales goals, upper management is very involved with employees, good benefits, a comfortable work environment.

    Cons

    The pay is low in comparison to other banks.

    Advice to ManagementAdvice

    Consider an annual bonus for ALL employees regardless of status in b5 and raising pay to match other banking institutions in our area.

    Recommends
    Positive Outlook
    Approves of CEO
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