I was contacted by an internal recruiter at a large bank and ended up interviewing for a role at that bank two weeks ago. Later that day the recruiter contacted me indicating that management had good feedback and wanted to move forward with me. They would have to confirm prior comp details and then they could make an offer. After about a week of going through comp verification, the recruiter called and said they had received verbal authorization to make me an offer. The offer was exactly what I wanted so I verbally accepted. The recruiter told me it would be 24-48 hrs to receive a written offer and move forward with the next steps (i.e. bg check, etc).
That was last Wednesday. Thursday and Friday came and went with nothing. Monday I called up to check on the status and they told me they were just awaiting "final approval" (same thing they told me Friday) and it should be just another 24-48 hours. Now it's the next Wednesday and they are still awaiting "final approval".
Is this common? In my prior experience with similarly-sized financial institutions, I've received written offers as soon as 1 hour after verbally accepting. I'm beginning to worry that this is somehow going to fall through and I'm screwed as I've passed on other offers in favor of this one.
If it matters, it's a back office role; so it's really not some complicated offer. Just a base salary, small bonus pool, and whatever benefits.