Today’s competitive labor market means employers have to stand out from the pack. One strategy community banks can use is a well-rounded benefits package. Here are seven benefits that community banks have put in place to recruit and retain workers.
Brattleboro Savings & Loan is the ninth bank in the country to become an official B Corporation, a designation that certifies the community bank’s commitment to its community, the environment and strong corporate values.
From the impacts of the Paycheck Protection Program (PPP) to inflation from recent stimulus packages, 2021 has thrown chief financial officers several curveballs.
An internship provides opportunities for young people to be exposed to an industry and lay the groundwork for a future career. For community banks, they can be a tool for finding the right long-term talent they need.
Because of the unique funding streams and beliefs of faith-based organizations and their congregations, they carry their own risks and rewards when it comes to lending. Here are how several community banks are serving their customers of various faith traditions.
Acquiring a wealth management firm, fintech, title business or other nonbank organization can unlock new opportunities for community banks. These acquisitions can add new revenue generators, specialized employees and other assets to a community bank in place of organic growth. But experts say that finding the right business to acquire can be tricky.
First Home Bank doubled down on Paycheck Protection Program (PPP) lending, dedicating its entire SBA lending division and dozens of other employees to delivering much-needed funds to businesses. The result? More than $1.2 billion in PPP loans.
The community bank in St. Cloud, Minn., has cultivated a culture that combines creativity and hard work. The result is an award-winning workplace that fosters growth for both employees and the bank.
Community banks are close to the areas they serve, so it follows that having a diverse workforce that’s representative of their communities would be part of their mission. But doing so often requires a conscious effort to attract talent of various backgrounds.
Good customer service is good customer service, no matter the industry. Consumers build their customer service expectations based on their best—and worst—experiences, whether it’s with a grocery store or an online retailer. So, what lessons in innovative customer service can community banks learn from companies in other industries?