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Peoples Named Among Best Banks to Work For

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Peoples State Bank has been named one of the 2022 Best Banks to Work For by American Banker magazine in partnership with Best Companies Group. Peoples is among 90 banks nationwide chosen for the honor by creating positive and supportive workplaces for employees.

American Banker and Best Companies Group survey employees anonymously to gain insight into the bank’s operation and to hear how employees feel about the bank. It’s the fourth straight year that Peoples has been named to the list.

“Our employees have proven time and time again over the bank’s 60 years how important they are to our success,” said Scott Cattanach, president and CEO of Peoples State Bank. “They provide a trusted connection to our customers to help them with their financial needs.”

“The banks recognized on this list are trying hard to create workplaces that employees want to join,” said Chana R. Schoenberger, editor-in chief of American Banker. “Especially during this moment when companies are experiencing a shift in how, where, and how much employees work, banks are paying attention to how they can best retain their people.”

“Peoples continuously looks for ways to promote teamwork among our employees, help them become a trusted partner for their customers, and provide flexibility to achieve their goals,” said Tina Seidl, Peoples vice president – human resources director. “This honor shows the hard work our employees and managers accomplish together and in the best interest of our customers.”

American Banker took special note of Peoples volunteer efforts, and that managers stand sideby-side with employees to help non-profits and community organizations.

Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the final ranking.

To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking. For more information on the Best Banks to Work For program, visit BestBankstoWorkfor.com.