Independent Banker magazine names Farmers State Bank a Best Community Bank to Work For
Published 8:17 pm Friday, December 6, 2019
Independent Banker magazine, a monthly publication of the Independent Community Bankers of America, named Farmers State Bank to its 2019 Best Community Banks to Work For in recognition of its efforts to create an exceptional work experience for employees, according to a press release.
“ICBA is proud to recognize these community banks for creating cultures of success through diverse and inclusive workforces; fostering personal and professional development, and a banking philosophy guided by creating lifelong relationships,” said ICBA President and CEO Rebeca Romero Rainey. “The community bank relationship-based model, commitment to service and shared goal to make a positive difference all garner high praise and a loyal workforce.”
The $172 million-asset Farmers State Bank, recognized as one of this year’s honorees, received high marks for its corporate culture, which is based on creativity and accountability, the release stated. A six-member culture committee ensures established tenets are part of everyday life at the bank.
“Our culture statement is the cornerstone of everything we do,” said Mark Heinemann, president and chief financial officer at Farmers State Bank. “We use it for hiring, we use it for promotions, we use it for dealing with any conflicts that arise and we use it to inform our strategic planning discussions.”
“What sets Farmers State Bank apart for me is the people I work with,” Abby Stoa said. “I feel like I could go to every single person here and say, ‘I need help with this,’ and everybody would jump in and help. The people here are go-getters. They take responsibility and see that things get done, and I feel we all have fun while doing good work.”
Farmers State Bank goes above and beyond to build a positive culture, which includes a culture committee that acts as the guardians of the bank’s culture, according to the release.
“If people see that we enjoy working here, they know they’ll enjoy being a customer,” Heinemann said.
Farmers Bank is highlighted in Independent Banker’s December issue representing community banks under $250 million in assets. Selections were based on a detailed questionnaire and a nationwide survey of community bank employees administered by Avannis, an independent research agency. Key criteria considered in selecting this year’s honorees included work environment, compensation, leadership and corporate culture, and opportunity for recognition and advancement. Shazam sponsored this year’s award.