I used to think Florida was considered a strong growth market for the bank. Seems like it collapsed after putting the short heavy set guy that looks like Alan from The Hangover in charge. Anyone have any insight into that market? Are there constant resignations? Noone wants to work there? What is going on?
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@hz You’re correct, those who were in the prime footprint for those institutions. They are still calling people now, those banks. There’s been a few hold outs though, but most of the hold outs left this quarter, I’ve been seeing some of our last remaining heavy hitters looking and leaving lately. I’m surprised there’s no referral bonuses for lousy internals to trick people into coming here. It would be dirty to do to someone but would at least keep things afloat to operate for a few months to take time off. They let us to have work life balance then ask us to roll over several weeks of vacation with manager approval because there’s always a staffing pinch from turnover. You can’t keep rolled over when you purchase, so what’s the point of even offering, if your department can’t even survive a year letting you use your standard allotment.
The best talent left for Seacoast and Pinnacle long ago.
@aa Advisors in which markets? Don’t give names
Florida is a potentially strong growth market for Truist under the correct leadership, you’re correct. Truist just can’t gain traction because of the constant resignations at all levels and titles. The Florida market has high connectivity among personnel through some genuine leaders who staff look up to, when one leaves many follow and those who don’t, stay in touch. This happens regardless of how quiet leadership try’s to make the exit and transition appear. This is why they constantly say in meetings to not talk about work on your personal cell phone as if it’s a violation. It’s to scare you from communicating with each other outside of channels they monitor. It’s not just limited to one department, there’s turnover everywhere in Florida for about 6 years. I do know the short person you’re talking about over 1.25 states and a lot is attributed to him and what he allows to go on but he’s not obese. People can only put up with so much for so long and Florida has had terrible senior leadership for so long that it has created institutional fatigue among those hanging on and immediate turnover for newer incoming talent. Truist has cleaned out all of their top talent in Florida and it’s due to poor local leadership. They desire brown nosers, those who do what you are told even if it’s a dirty deed, mediocre performers as you are not a challenge to them because they can discard if you voice yourself.
Florida is known for the worst leaders in mortgage fulfillment. You really can’t make it up. They hire loan officers including EA Head of Originations, who is also a joke but leaves it up to operations to train these poor folks. She completely dumps it on us and zero accountability. What’s the old saying you lead by example?! Well that’s exactly what she’s doing! Poor poor leader!!!
I don’t know, but the advisors that I have come across in FL are a$$holes
Talent drain is a huge problem. Skilled bankers want to move up, but there are few avenues upward. You may be able to get into Premier / Wealth but (obviously) you’re reliant on a position actually being open. Premier seems reluctant to increase headcount for whatever reason and few Financial Advisors are interested in growing their businesses (too many are coasting). So the only answer is to look elsewhere. This results in brain drain, high turnover, and a poor client experience.