TYLER, Texas, November 17, 2022 – Southside Bank has been named one of the 2022 Best Banks to Work For. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.
Banks that earned a spot on the 2022 Best Banks to Work For list were ranked based on an anonymous employee survey and a thorough review of the benefits and perks offered. The full 2022 Best Banks to Work For list is featured at 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 2022 list, Southside was ranked among the top 50 banks in the country and among 9 Texas banks to receive the award. 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 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.
“This award is a testament to our team members for the work they do to support our customers and community, and the way they support each other in the process,” said Lee Gibson, Southside Bank President and CEO. “I am proud of our team for creating a culture of excellence within the Southside walls and beyond.”
About Southside Bank
Southside Bank is headquartered in Tyler, Texas, with approximately $7.45 billion in assets as of September 30, 2022. Southside currently operates 56 branches and a network of 75 ATMs/ITMs throughout East Texas, Southeast Texas, and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses.
About American Banker
American Banker empowers banking professionals with unique analysis and insight into the ideas transforming their business and industry. Across its journalism, events, research and benchmarking, it helps drive the way forward through the complexity of business innovation, retail and commercial disruption, technology, regulation and reform. With a banking community 850M strong, American Banker’s content connects leaders online, in person and in print every day.
About Best Companies Group
Since 2004, Best Companies Group has specialized in identifying and recognizing great employers to work for. As an independent research firm that ranks companies based on established research methodology, their surveys provide actionable, hard-to-obtain data that companies use to improve employee recruitment and retention.