December 7, 2021
Dacotah Bank has been named one of the Best Banks to Work For by American Banker for the fourth consecutive year.
American Banker cited Dacotah Bank’s dedication to charity and community. "Dacotah" means "alliance of friends” in the Lakota Sioux language, and it defines Dacotah Bank's philosophy of staying connected to employees and the community. Management encourages employees to take breaks by going on "walking meetings," and the Bank also provides stress-management classes and ergonomic desks upon request.
Through the Give Where We Live employee-directed charitable giving program, each Dacotah Bank employee may direct a $200 donation from the Bank to a charitable organization of their choice, which increases to $300 if the employee is a member of that nonprofit's board.
"Balancing the needs of all the constituencies where we live and work is a challenge, but our teams remain positive and have continued to build relationships with customers and each other, while serving our communities," said President and CEO Robert Fouberg.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at AmericanBanker.com and in the November issue of American Banker Magazine.
This year, American Banker asked executives at the 90 banks that earned a spot in the annual Best Banks to Work For ranking how they’re handling challenges associated with hiring and retaining talent. The chief executives at the Best Banks also emphasized the importance of making employees feel valued and shared some creative ways that they’ve been going about that.
Determining the Best Banks to Work For involves a two-step process. The first step is an evaluation of participating companies’ workplace policies, practices, and demographics. In the second step, employee surveys are conducted to directly assess the experiences and attitudes of individual employees with respect to their workplace. The combined scores determine the top banks and the final ranking.
To go directly to a full list of this year’s winning banks, click here.
Best Companies Group managed the overall registration, survey process and analysis of the data. They used their 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. For more information on eligibility or other questions related to the Best Banks to Work For program, visit www.BestBankstoWorkFor.com or contact Katrina Heimbach at 717-323-5244.