OWENSBORO, Ky. — American Banker has released its 10th annual list of Best Banks to Work For. 90 institutions were recognized again in 2022.
Independence Bank secured the 16th spot, improving seven spots from the prior year. “I find that valuing and listening to our employees, it gives them a voice to help drive direction and earns trust,” Independence Bank Chairman and CEO Chris Reid shared. “As a leader, I recognize that it’s not a destination we can achieve alone, so it’s important to ensure we are moving towards our vision together.”
Honorees are selected through two different surveys managed by the Best Companies Group. The first form measures employee satisfaction in eight categories: communication, happiness with the role and relationship with a supervisor.
The second survey examines the policies and employee benefits of each institution. This allows banks to highlight some of the unique and popular perks offered. “It can take more than just top-notch pay to recruit and retain talent,” the American Banker Association wrote. “Employees are also looking for an opportunity for career advancement, a welcoming workplace environment and strong leadership.” Simone Montaven, the Bank’s Human Resources Director, believes enhanced training, monitoring the ever-changing marketplace with salary and benefits, plus maintaining a healthy work-life balance partially played a part in the improved placement.
Western Kentucky-based Bank expanded its footprint to Fayette, Logan and Shelby Counties last November and opened a second Louisville location. Its Here For Good campaign launched one year ago, which alludes to its permanent longevity while looking for ways to promote the positive. In 2021, the Bank donated roughly 1.2 million dollars to various projects and programs and invested in important initiatives, which include meeting basic needs and scholarships for area students.
“My grandfather, Charles A. Reid, envisioned a Bank that would elevate the quality of life in the areas we serve,” President Jacob Reid reflected. “The care we show for our communities mirrors our passion for our people. As our footprint widens, our Bank family also grows. We invite others to come along to make a greater impact.”
Independence Bank currently employs 470 people. This is the eighth consecutive year it has received this recognition from American Banker.
Click here for more Kentucky business news.