Benton, Ky. (Dec. 1, 2022)—Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), today named Community Financial Services Bank (CFSB) as a 2022 Best Community Banks to Work For recipient. The $1.4 billion-asset bank was recognized for its transparent and collaborative structure that fosters cooperation across business lines.
"We are honored to be named one of the Best Community Banks to Work For by ICBA Independent Banker magazine," CFSB President Jason Jones said. "Culture for us is not just a word; it's what we do and that includes being as transparent as possible with staff and providing a forum for them to share any areas of concern or interest with team leaders."
CFSB also fully funds an employee stock ownership plan. "The employees of our bank own roughly 30 percent of the stock," Jones says. "We are working for ourselves."
Community Financial Services Bank is highlighted in Independent Banker's December issue representing community banks with more than $1 billion in assets. Bank employees were asked to complete a workplace survey hosted 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.
For more information on the winners and methodology, visit independentbanker.com.
"Whether it was encouraging professional development, fostering creative and collaborative teams, or providing flexibility and guidance when needed, this year's honorees demonstrate why community banking is so appealing for the more than 700,000 Americans who serve as financial stewards for their community every day," ICBA President and CEO Rebeca Romero Rainey said. "ICBA is pleased to recognize Community Financial Services Bank for its commitment to its employees and the customers and community they serve, and we wish them continued prosperity in the future."
Community Financial Services Bank has conquered over 130 years of change to serve generations of families and businesses in Western Kentucky. With the vision points of Community, Culture, Commitment, Leadership and Value, the focus is always on people. This includes the team members and the communities and clients they serve daily. For more information about CFSB go to yourlifeyourbank.com.
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5.8 trillion in assets, over $4.8 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers' dreams in communities throughout America. For more information, visit ICBA's website at www.icba.org.