Pros
You are paid and get benefits. Separating from the company will feel great. You will realize at some point how much better you feel mentally and physically, and that whether you were laid off or quit, separating from the bank was the right outcome.
Cons
Exec team is not progressive, and do not know how to scale and best use talent. As others have said, they only truly care about the shareholders. Their bold moves may be strategic, but are carried out poorly. Under progressive leadership the moves could be successful. Do not care to relate to their employees. They say the right things because it strokes their ego and they look good, but truly do not care. The CEO reads from prepared comments. When presenting, it is clear it is the first time he has read the comments. Second merger in 4 years - extremely volatile. Change + poor leadership = fear Mid-level managers either play the game really well, play the game in fear with success, or don't play the game and are treated like outsiders. Front line associates are overworked and marginally paid. Benefits are expensive. Excessive dollars are spent on campaigns and community involvement without accountability. If the spend is in the right "category," then it is a-ok.