Peoples Named One of Nation’s Best Banks to Work For
Wausau, Wis. (November 14, 2024): Peoples State Bank has been named one of the 2024 Best Banks to Work For by American Banker magazine in partnership with Best Companies Group. Peoples is listed as number 39 among 90 banks nationwide chosen for the honor by creating positive and supportive workplaces for employees.
American Banker and Best Companies Group anonymously survey employees to gain insight into the bank’s operations and learn about employees' experiences. Peoples is chosen to receive this honor for creating a positive, supportive, and thriving workplace. This is the sixth straight year Peoples has been named to the list.
American Banker noted Peoples' employee value proposition, which emphasizes an ideal team player approach and reflects the bank's culture and leadership.
“When employees know exactly what the culture is like — and they are a good match for that culture — they tend to be happier and work harder to provide our customers with a great experience,” said Scott Cattanach, Peoples State Bank president and CEO. “Our bank has created a culture emphasizing ideal team player values of humble, hungry, and smart associates. These principles help propel the bank forward at every level.”
“The Best Banks to Work For represent institutions helping employees achieve their goals,” said Chana Schoenberger, editor-in-chief of American Banker. “These banks recognize how important it is for their staffers to be happy about the work they do and the environment in which they spend their days.”
“Peoples works tirelessly to create a work environment where employees feel valued and thrive,” said Tina Seidl, Peoples vice president and human resources director. “This honor shows the hard work our employees and managers accomplish together and in the best interest of our customers, shareholders, and communities.”
Determining the Best Banks to Work For involved a two-step process. The first involved evaluating each participating bank’s workplace policies, practices, and demographics, which was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees concerning their workplace, which 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 have been in business for at least one year. Best Companies Group managed the registration and survey process and analyzed the data to determine the final ranking.
For more information on the Best Banks to Work For program, visit www.BestBankstoWorkfor.com.
Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Waukesha, and Milwaukee Counties, and a loan production office in Dane County. Peoples was founded in 1962 and has total assets in excess of $1.4 billion. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at www.bankpeoples.com.
Peoples provides financial services to business owners and individuals, as well as investment and retirement planning services through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTCQX Market.