Pnc?

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Nov 5, 2009 1:12 pm

For all of my bank buddies.... Anyone have any experience with PNC ? They are recruiting like mad in my area and a few dudes I know are considering a jump. I figure I would listen to them, but National City doesn't have the best reputation in my area. Thoughts ?

Nov 5, 2009 1:18 pm

That does sound strange, although most people like to complain about their bank just because.

Nov 5, 2009 1:28 pm
Ron 14:

That does sound strange, although most people like to complain about their bank just because.

 
I hate my bank because they have no decent looking tellers. Since when does some 65 year old hag have more credentials than some busty college girl. Seriously.
Nov 5, 2009 1:46 pm

I have 3 branches and only 1 is hot. The rest are just terrible.

Nov 5, 2009 1:55 pm

I worked at National City pre-merger. I absolutely hated every minute of it. I have heard PNC can be worse. I would look at Chase if I were going to go the bank route.

 
Edited because I just realized Ron posted this.
 
PNC would be hell compared to Chase. They are essentially what Chase was 10 years ago, before the branches actually got on board with referring investments. If you want to fight with the Branch Managers anytime you move money from a deposit account, have at it.
Nov 5, 2009 1:59 pm
Ron 14:

I have 3 branches and only 1 is hot. The rest are just terrible.

 
Did you?
Nov 5, 2009 2:40 pm
MsBroker:

I worked at National City pre-merger. I absolutely hated every minute of it. I have heard PNC can be worse. I would look at Chase if I were going to go the bank route.

 
Edited because I just realized Ron posted this.
 
PNC would be hell compared to Chase. They are essentially what Chase was 10 years ago, before the branches actually got on board with referring investments. If you want to fight with the Branch Managers anytime you move money from a deposit account, have at it.
 
Brutal. The branches being offered are 3x the deposit base I have now and thats what got my attention.
Nov 5, 2009 2:41 pm
Wet_Blanket:
Ron 14:

I have 3 branches and only 1 is hot. The rest are just terrible.

 
Did you?
 
Oh man, I wish. I am married so I wouldn't go there, but I encourage the single bankers around here daily to make that deposit.
Nov 5, 2009 2:52 pm
Ron 14:
MsBroker:

I worked at National City pre-merger. I absolutely hated every minute of it. I have heard PNC can be worse. I would look at Chase if I were going to go the bank route.



Edited because I just realized Ron posted this.



PNC would be hell compared to Chase. They are essentially what Chase was 10 years ago, before the branches actually got on board with referring investments. If you want to fight with the Branch Managers anytime you move money from a deposit account, have at it.


Brutal. The branches being offered are 3x the deposit base I have now and thats what got my attention.





Of course, the BM is going to factor hugely into this. There are some smart ones out there, just few and far between. They absolutely do not train to the level that chase does. You may also end up with unlicensed bankers (that's common there) so less to feed up to you.

Nov 5, 2009 3:03 pm

Well even the big blue octagon has morons everywhere. Investments are the biggest money maker for the P&L and the branches, but they are so concerned with checking accounts that they just don't get it. I have 2 out of 9 bankers who are worth anything. The other 7 should be stuffed into a drive thru tube.

Nov 5, 2009 3:37 pm

I am starting to think Ron works at the CHase branch down the street from me.. Is your last name Lopez-Gonzalez?

Nov 5, 2009 3:54 pm

Yes ! Ronaldo Lopez-Gonzalez the 14th!

Nov 5, 2009 6:55 pm

Does the phrase....jump.....pot.....fire mean anything to you?  If you look closely at most if not all the large bank programs they are essentially the same.  You find a rare exception of where an advisor is left alone to build a good book the right way.  Most of the rest are merely booking revenue to hit goals each month with up front commissions.  If you have the right managers and team you can do very well though. 

 
If I were at a bank I would look to build a solid book the old fashioned way, but with today's fee based products.  Build very good relationships....get to $50 million in assets or more and then jump ship to a more traditional atmosphere.  Don't get caught up worrying about today's revenue.  Gather assets in fee business so every quarter gets that much easier. 
Nov 5, 2009 7:56 pm
CashFlow:

Does the phrase....jump.....pot.....fire mean anything to you?  If you look closely at most if not all the large bank programs they are essentially the same.  You find a rare exception of where an advisor is left alone to build a good book the right way.  Most of the rest are merely booking revenue to hit goals each month with up front commissions.  If you have the right managers and team you can do very well though. 

 
If I were at a bank I would look to build a solid book the old fashioned way, but with today's fee based products.  Build very good relationships....get to $50 million in assets or more and then jump ship to a more traditional atmosphere.  Don't get caught up worrying about today's revenue.  Gather assets in fee business so every quarter gets that much easier. 
 
I completely agree with you. It doesn't take as long to get to $50mil if you are covering branches with 200mil in deposits vs the 75mil where I am at and that is why I am asking.
Nov 5, 2009 9:21 pm

No

Nov 5, 2009 9:28 pm
meletio:

Now I know why you always talk about taking dumps. ...you work in a bank branch. what a sh*tty f***ing miserable existence

 
Well...waiting in line at the unemployment office must be pretty humbling too...but at least you get free internet access at the public library to post on registered rep.
Nov 5, 2009 9:32 pm

I would look into the AUM a little more, is it competitive (FA trying to take it with him) and is any fee based or all annuity, A share business.  Would you be able to take anyone with you from Chase to add to that book?  If so it may make sense, just be sure you get the whole story and not just the sales pitch.

Nov 5, 2009 9:43 pm

Al

Nov 5, 2009 9:46 pm

LOL. Well you aren't a bank client because you don't have any money, thus no need for bank accounts. douche.

Nov 5, 2009 9:48 pm

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