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Javed's blog / Uncategorized / Key Bank fires hero teller
Key Bank fires hero teller
3 August, 20093 August, 2009 11 comments Uncategorized Uncategorized

A criminal picked the wrong bank and the wrong teller. Last Tuesday, a man walked into a Key Bank branch in Seattle, placed a bag on the counter and demanded money from 30-year-old teller Jim Nicholson. Instead of handing over the money, Mr. Nicholson asked the man where "it" was, referring to a weapon. When the man didn't answer, Nicholson lunged after the man, who ran out of the bank.

Mr. Nicholson gave chase, and caught the man with the help of a passerby. He held him down and waited for police to arrive, he told the Seattle Times.

Then we enter bizarro world. Because he violated the bank's policy of quickly getting robbers out of the bank, pardon the pun, he got cashiered. Mr. Nicholson is out of a job because bank officials say trying to stop robberies puts employees and customers at risk.

I am all for following policy. But does the bank have a zero tolerance policy that goes with that? Couldn't it have been a stern lecture, perhaps even some additional training for Mr. Nicholson?

Mind it--no one got hurt. The bank did not lose a penny. Not even a dye pack. And in a tough job market, a brave man who did something instinctive is out of a job.

One comment that sums up the feelings of this blog perfectly:

If I were a Key Bank customer, at 9:01AM I would not be. Key Bank should re-hire Nicholson, pat him on the back, strongly "suggest" that he not do that again, buy him a steak dinner, and put him back to work! If they didn't, I'm sure another bank would like my business.

What is wrong with Key Bank management?

If you are a Key Bank customer, or even if you are not a customer, let them know what you think about this:

Be polite, be nice.

Key Bank: 1-800-539-2968.

Or you can contact them online: https://www.key.com/html/key-bank-general-contact.html

TagsTags: hero 
Comments
  • By Anonymous 362 Days Ago
    0 points    
    I responded to this and gave them my $.02 worth.
  • By Anonymous 362 Days Ago
    0 points    
    I blogged on some of the issues surrounding Key Banks termination of Jim and what the FDIC does and does not insure here: http://insurance-expert.typepad.com

    Termination seems pretty harsh considering Jim not only prevented a bank robbery, but actually held the man down until the police arrived. Obviously, he may have been injured or injuries to others could have occurred as a result of his actions. I imagine Key Bank has a standard operating procedure for handling a bank robbery, and Jim did not follow those procedures putting others at risk. But I'm still finding it hard to believe that termination was the right move for Key Bank. Let's keep in mind that regardless of Jim, the would-be bank robber endangered lives when he walked into the bank and demanded money.

    http://insurance-expert.typepad.com
    Reply to this comment
  • By Anonymous 362 Days Ago
    0 points    
    yes, it is harsh, but there are rules that bank has to enforce, these rules are for everyone and and Jim got an employee book when he was hired. He did not comply. So he was fired, simple, harsh but fair.
  • By Anonymous 361 Days Ago
    0 points    
    I have read this story from Colorado. I know that not all banks are smart but -wow- Key Bank is really stupid in making this move. "Welcome to key bank, if you are a regular customer, go to line 1, if you are a robber, go to line 2 please." I have a Key account here and because key banks are a robber magnet - and in protest to their move - I will be closing my bank account shortly (need to move and redirect the direct deposits first).

    As a citizen, if I have done something like this, I think media would be treating me as a hero. For this teller, he is fired. is that all the thanks he gets?
    Reply to this comment
  • By Anonymous 361 Days Ago
    1 point    
    This will be an unpopular opinion, but Key Bank did the right thing. Not only did Nicholson not follow the official policy (which could have resulted in innocent bystanders being injured or killed due to his actions) - but look at the reasons he gave for those actions. ""It's something I almost look forward to. It's a thrill and I'm an adrenaline-junkie person. It's the pursuit..."

    Nicholson is a drama addict who probably habitually inserts himself into dramatic situations without thinking of the consequences. He displays poor impulse control and admittedly looks for self-gratifying "thrills", not opportunities for public service. And "adrenaline junkie" does not describe a clear-thinking individual capable of making instant life-and-death decisions, which would be required in law enforcement.

    Based on his actions and his attitude, firing him was the correct decision by Key Bank.

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