The December issue of Independent Banker magazine, a publication by the Independent Community Bankers of America (ICBA), features this year's Best Community Banks to Work For. The honored banks were recognized for their commitment to creating positive workplace environments that motivate employees and support community involvement.
"Community banks excel by putting people first, and that commitment starts with their employees," stated ICBA President and CEO Rebeca Romero Rainey. "ICBA congratulates this year’s honorees, which exemplify the best of community banking by creating cultures in which employees thrive, customers benefit, and communities prosper."
The winners were selected based on a nationwide survey conducted by Avannis, an independent research agency. Participants responded to 46 scaled questions, resulting in a composite score. Banks were divided into five asset categories using March 31, 2024 FDIC call report data, with the top-scoring bank in each category being named as a winner.
Criteria for selection included fostering diverse and inclusive workplaces that encourage leadership and innovation; providing opportunities for professional development; and implementing performance recognition programs with competitive compensation.
This year's Best Community Banks to Work For are:
- Anderson State Bank ($111 million) in Oneida, Ill., noted for its family-oriented culture emphasizing work-life balance.
- Catalyst Bank ($281 million) in Opelousas, La., recognized for its empowering culture and employee ownership model.
- Mountain Pacific Bank ($775 million) in Everett, Wash., valued for its collaborative environment and focus on community service.
- Sanibel Captiva Community Bank ($913 million) in Sanibel Island, Fla., commended for its employee support during tough times.
- Wood & Huston Bank ($1.2 billion) in Marshall, Mo., acknowledged for its leadership philosophy promoting empowerment.
This marks the fifth annual awards event by Independent Banker magazine. More details can be found in the December issue or at independentbanker.com.
The ICBA aims to foster an environment where community banks can thrive through advocacy, education, and innovation. These banks play a crucial role in local economies by channeling deposits into neighborhoods to create jobs and promote economic growth. Further information is available on ICBA's website at icba.org.
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