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Edgebrook Bank Work Values
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Daily Duties at Edgebrook Bank:
Joined the Bank to correct past issues and to implement new strategies to stabilize the Bank’s loan department and address a FDIC Consent Order and Compliance MOU. Managed and underwrote a C&I (25%), RE (50%), CRE (20%) and SBA (5%) portfolio of $45MM of $76MM, originated $10MM of new loans, yearly, of same mix in the Chicago area, Cook, Lake & DuPage Counties, lead a staff of six bankers, assess and identify portfolio risk and managed down loan delinquencies 6.36% since 07.2010. Negotiated and worked out problem credits and identified and mitigated potential loss of 15-20% of the Bank’s capital. Created specific database queries for gathering and analyzing data for further compilation of specific, customized bank reports. Converted the Bank’s loan operations department typically a “cost center” into a “profit center” via proper accounting, budgeting, monitoring and management of charges and fee collection from (1.5%) to a 2.5-3.0% realized profit of the Bank’s capital, annually. Created and implemented various policies and procedures for Bank and loan department. Advised & consulted the Bank on a BEA Application in 2010 resulting in a grant of $275M (max for non-CDFI) and $500M (max) in 2011. Applied and obtained the Bank’s CDFI status in 2011. Participate in Edgebrook Bank training programs, when and where necessary. Asked by the Board to become the Acting Senior Vice President and Chief Credit Officer
What they like about Edgebrook Bank:
The social vibrance of a hiring firm is very important to you. Your ability to make and maintain friendships there is a critical part of your decision. You would likely be dissatisfied with a workplace that is quiet, cold, or otherwise not particularly social. When you investigate a new hiring company, ask recruiters, managers, and potential co-workers about the social life and opportunities there. This is especially important when you are relocating; moving dramatically alters your social sphere both inside and outside the workplace.
Tags
Senior Vice President, Vice President, Department Manager, Chief Credit Officer, graduate school of banking, lending manager, credit manager
Information about Edgebrook Bank
Company Rank: Not Available
Average length of employment : 2 years
Average salary of employees: $105,000
These are some of the questions we asked our climbers about their experiences with Edgebrook Bank:
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| Were your performance expectations clearly communicated? | 0.0 |
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| Were you recognized for meeting or exceeding expectations? | 0.0 |
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| Did you feel like your personal contribution was important? | 0.0 |
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| Was your career path clearly outlined and discussed? | 0.0 |
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| I would recommend this as a place of employment. | 0.0 | |
| I believe in the purpose of this organization. | 0.0 | |
| I would work for this organization again. | 0.0 | |
| I feel employees are fairly compensated. | 0.0 |
