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Old Second National Bank

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Hired for a job that doesn't exist - Senior Vice President Old Second National Bank Employee Review

1.0
Jan 8, 2014
Recommend
CEO approval
Business Outlook

Pros

Executive leadership, with the help of their CPA firm, has mastered the art of accounting irregularities. CEO has dedication to business as evidenced by the "tornado day" when he ordered first floor tellers to remain at their station rather than seeking shelter in the basement during a tornado warning. Optrimistic executives hosted celebratory breakfast immediately on news that OCC had released their restrictive order. Bank has no loan pricing model in place and the risk-ratings are applied "rock/paper/scissors" fashion so there's lots of flexibility to make loans, both good and bad. The bank has an excellent geogrphic franchise but this is more than offset by the ineptness of management The people are generally pleasant and easy going - why wouldn't they be, they're not reallly held accountable by management any more than management holds themselves accountable, which they don't. Think Mayberry Financial.

Cons

Corporate objective is to "not go out of business" so executive leadership can continue cashing paychecks while avoiding work & responsibility at this Zombie institution The largely minority workforce casts an awkward shadow on the white male leadership environment. If the outside director appointed in December 2012 had any idea what goes on here he would pass out. The loan committee members "laughed" at the interest rate charged to a long-time customer, thinking that the customer was "too stupid" to shop around. The Chief Credit Officer commutes from Effingham and has no lasting commitment to either the local community or the institution.

Explore other reviews about Old Second National Bank

5.0
Jul 23, 2026
Recommend
CEO approval
Business Outlook

Pros

great entry position for banking

Cons

bad at pay bad at compliance bad at moving writhing branch

1.0
May 26, 2026
Recommend
CEO approval
Business Outlook

Pros

an office with a roof over your head

Cons

very competitive--people who fear for their jobs and have little if any education. As a joke we had an acquaintance who is a Harvard grad/Wharton MBA--10-year hedge fund executive, apply for a low-level job. Knowing the fear of the "interviewer" who are not educated, and feared for their jobs, they would pass on this very qualified, intelligent person and send a random "went with more qualified" [lol] email. We saved the email for entertainment. This place is full of scared, gossipy, uneducated people. They want people they can control. Turnover is high.

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