The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes, and honors banks within the United States of America for outstanding employee satisfaction. Full results of this year’s program are available at American Banker.
In addition to researching each bank’s overall story, American Banker surveys employees with in-depth questions to provide significant data about employee engagement. Banks making the list tend to prioritize engaged leaders, a strong corporate culture, job training and advancement and a feeling of belonging within the organization. Generous employee benefits, such as paid time off to volunteer and regular employee appreciation events, were also key, as was making time to have fun as a group.
“Being recognized for this honor a sixth time is extremely gratifying,” stated Alice P. Frazier, President and CEO of Potomac Bank. “We believe great client service flows directly through our employees. Therefore, our leaders work hard to create a workplace where employees feel valued and connected through multiple initiatives that help build a great team, from making every employee an owner/shareholder to paid time off for volunteering. We also foster an environment of responsible ME’s who are accountable to the collective WE, which generates an exciting and energetic experience each and every day. And we like to laugh, a lot!”
Best Companies Group managed the overall registration and survey process and also analyzed the data, using their expertise to determine the final ranking. The program is open to commercial banks, thrifts, savings banks and other chartered retail financial institutions with at least 50 employees in the United States and total assets under $3 billion.