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Working at Sovereign Bank in Reading, PA: 2 Employee Job Reviews by Real Employee working in Reading, PA Area

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On average, employees in Reading, PA at Sovereign Bank give their company a 1.9 rating out of 5.0 based on 2, whereas overall Average Rating of Sovereign Bank is 3.3 out of 5.0 based on 42 Sovereign Bank Review Ratings. The happiest Sovereign Bank employees in Reading, PA are Staff Accountants submitting an average rating of 3.9 and Wholesale Mortgage Managers with a rating of 0.0.

9%
32%
45%
14%
0%
3.3
Average Rating
(based on 22 Sovereign Bank Review Ratings)

Ratings by Category

Company Culture
2.8
Growth Opportunities
2.8
People You Work With
4.0
Person You Work For
3.7
Rewards You Receive
3.0
Support You Get
3.0
Way You Work
3.7
Work Setting
3.3
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Working at Sovereign Bank in Reading, PA: 2 Employee Reviews

Staff Accountant

What do you like about working at Sovereign Bank?

"great benefits, stock bonus when I was a higher level salary employee"

Do you have any tips for others interviewing with this company?

"no, but understand that you can get laid off(downsized at any time) it happened to me 2x with 2 different banks."

What don't you like about working at Sovereign Bank?

"not everybody in my dept. worked as a team player during month end"

What suggestions do you have for management?

"get rid of people dragging the dept down, my understanding cons loans and commerical loans have been spilt up and things are gettting better"

Person You Work For 4 / 5 People You Work With 3 / 5 Work Setting 4 / 5
Support You Get 4 / 5 Rewards You Receive 5 / 5 Growth Opportunities 3 / 5
Company Culture 4 / 5 Way You Work 4 / 5
Wholesale Mortgage Manager

"Sovereign was in constant merger mode and this endeavor eroded the Banks primary mission to support its customer base."

What do you like about working at Sovereign Bank?

"Very aggressive lending posture"

Do you have any tips for others interviewing with this company?

"Since I left Sovereign they have gone through several mergers and is now owned by a foreign entity"

What don't you like about working at Sovereign Bank?

"Bank was continuously looking for merger candidates and in fact aquired 6 Banks during my tenure with very little planning on Bank integration"

What suggestions do you have for management?

"Focus on core business model and core depositor base"

Company-Industry Rating Comparison

3.3
Sovereign Bank (42)

4.6 Highest Rated in this Industry is Home Finance of America (17)
2.2 Lowest Rated in this Industry is Cottonwood Financial (5)
3.8 Average of All Companies in this Industry (13,617)
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