NEW YORK (PRWEB), November 15, 2022
American Banker, Arizent's essential resource for senior executives in financial services, published Best Banks to Work For on November 15. This annual list of 90 winners provides deeper insight into how financial institutions are navigating industry challenges like the Great Resignation by placing an emphasis on improving workplace culture to attract and retain top talent.
"The banks on this list have distinguished themselves by their employee-friendly policies," said Chana R. Schoenberger, Editor-in-Chief of American Banker. "In today's human-resource environment, it's important for banks to focus on how they'll hire and keep the people they need."
This year's honorees represent national and local financial institutions in more than thirty states across the country. The top five banks, led by senior executives who are committed to creating supportive workplaces and providing optimal customer service, are:
- Oakwood Capital Bank: Scott Reed, senior managing director and CEO, says that "genuine trust" in his employees and the ability to lead by example are his guiding principles. He attributes this success to the fact that "when people know that encouragement and coaching comes from somebody who truly cares about their wellbeing and success, a leader can be positively impactful."
- Origin Bank: Drake Mills, chairman, president and CEO of its holding company, Origin Bancorp, believes that competition will be intense in 2023, so "banks who focus and deliver on the customer experience will be most successful," which is why "this has been and remains one of [Origin's] key strategic areas."
- Bell Bank: Michael Solberg, president and CEO, predicts that banks will have the "chance to slow down, become leaner and bolster their focus," because "2023 will see a much more measured pace for an industry that's really been running at breakneck speed since 2019."
- Paragon Bank: Robert Shaw, president and CEO, says that "offering good benefits and salaries is a crucial part of attracting and retaining talent but what is equally important is providing a fulfilling position with opportunities for growth and to feel valued, while encouraging time off to serve the community and support causes that are important to them." To achieve that last part, employees are offered 40 hours of paid time off annually to volunteer with an organization of their choice.
- First Bank Chicago: Randy Green, CEO, built his workplace culture based on mutual respect to "attract and retain productive talent." The bank also provides generous benefits, including dollar-for-dollar contributions matching up to $12,000 per year toward retirement for workers, so "all employees [can] retire with dignity."
The complete list of banks and their stories can be read here: https://www.americanbanker.com/list/best-banks-to-work-for
About American Banker
American Banker empowers banking professionals with unique analysis and insight into the ideas transforming their business and industry. Across its journalism, events, research and benchmarking, it helps drive the way forward through the complexity of business innovation, retail and commercial disruption, technology, regulation, and reform. With a banking community 850K strong, American Banker's transformative content connects leaders online, in person and in print every day.
About Arizent
Arizent is a business information company that advances professional communities by providing insights and analysis and convening industry leaders. The company uses deep industry expertise and a data-driven platform to deliver its services, which include subscriptions, marketing services, live events and access to Leaders, an executive forum. Arizent also connects business communities through leading financial services brands like American Banker, The Bond Buyer, Financial Planning and National Mortgage News, as well as professional services brands like Accounting Today, Employee Benefit News and Digital Insurance.