Wausau, Wis. (November 9, 2021) For the third straight year, Peoples State Bank has been named as one of the Best Banks to Work For by American Banker magazine and Best Companies Group. Peoples is one of just three Wisconsin banks to make the list. The ranking comes on the heels of American Banker naming Peoples as a Top 200 Community Bank for 12 straight years.
“This honor celebrates all our employees and their dedication to help others,” said Scott Cattanach, president and CEO of Peoples State Bank. “We’re extremely grateful for the trusted relationships that exist between our employees and our customers that continue to earn us a place on this special list.”
“This year’s list honors those banks which have gone above and beyond to invest in employees’ personal and professional growth,” said Alan Kline, editor in chief of American Banker.
“Peoples is proud of the efforts we’ve made to help our employees achieve their best in a team atmosphere,” said Cattanach.
American Banker noted the bank’s digital technology upgrades and redesigned employee roles as factors in the ranking. Their story stated a new digital banking specialist role created to build the digital banking knowledge base and develop best practices for working with customers through various banking channels.
“Peoples has focused on employee strengths, matching those strengths to roles that will help them and our customers succeed,” said Tina Seidl, Peoples State Bank’s vice president – human resources director. “It’s a win-win, providing positive change for our employees while being a benefit for our customers.”
American Banker took special note of Peoples efforts to adjust their employment status to phase into retirement or to take reduced working hours as semi-retirement.
American Banker magazine used a two-part process to determine the best banks in the country to work for. The first step involved evaluating workplace policies, practices, and employee demographics. In the second step, employee surveys assessed the experiences and attitudes of bank employees for their workplace. The combined scores of the two steps determine the top banks and the final ranking. Full results are available at American Banker online or in the November issue of American Banker magazine.
American Banker magazine looked at health and wellness programs, retirement plans, compensation, company policies, and workforce demographics. Best Companies Group managed the overall registration and survey process, analyzed the data, and used their expertise to determine the final ranking.
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Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from ten full-service banking locations in Marathon, Milwaukee, Oneida, Vilas, and Waukesha Counties, as well as a commercial loan production office in Stevens Point, WI. 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. Peoples was founded in 1962 and has $1.3 billion in total assets. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTCQX Market. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at bankpeoples.com.