Cape Cod 5 has been named one of the 2019 Best Banks to Work For by American Banker. According to a press release, this is the bank’s second year receiving this award in recognition of its strong investment in employee fulfillment, career development, and personal growth.
“We’re proud that Cape Cod 5 has again been honored as one of the Best Banks to Work For in the U.S.,” said Dorothy A. Savarese, president and CEO of Cape Cod 5. “This award is a true testament to our hardworking employees who each day embody our mission of enriching the lives of our customers, community members, and one another. We are committed to further developing the programs and initiatives that help our employees feel supported and fulfilled as they carry out that mission.”
The Best Banks to Work For program, which was initiated in 2013 by American Banker Magazine and Best Companies Group, identifies, recognizes, and honors U.S. banks with exceptional employee satisfaction. Consideration for the ranking included a two-step process. First, the bank was evaluated for its workplace policies, demographics, and practices. Second, an employee survey was conducted to evaluate individualized feedback on workplace attitudes and satisfaction levels. The combined scores for both steps formulated the Best Banks list and final rankings.
Best Companies Group managed the overall registration and survey process, analyzed the data, and used its expertise to determine the final ranking.
The program is open to commercial banks, thrifts, savings banks, and other chartered retail financial institutions with at least 50 employees in the United States. Full results of this year’s program are available at American Banker, and in the September issue of American Banker magazine.