Southside Bank Awarded “Best Banks to Work For” by American Banker and Lands No. 1 Spot in Texas.
Southside Bank has been named one of the 2023 Best Banks to Work For and lands the number one spot among all Texas banks. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.
This year, 90 US banks earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered. The full 2023 Best Banks to Work For list is featured at www.americanbanker.com.
“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.”
On the 2023 list, Southside Bank was ranked No. 24 among all US banks, and was the highest-ranking Texas bank. It is the second year in a row that Southside Bank has been recognized by the annual Best Banks to Work For program. The survey and awards program are designed to identify and honor banks with the best cultures for helping employees thrive.
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 US 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.
“I am incredibly proud of our exceptional team for their unwavering dedication and commitment to excellence,” said Lee Gibson, Southside Bank President and CEO. “Being named to this list is no small feat and is a true testament to the hard work and outstanding service that our team members provide to our customers and community – it is truly well-deserved.”