Oak Ridge, N.J. – Nov. 8, 2021 – Lakeland Bank is proud to announce it has been named one of the Best Banks to Work For in 2021. The Best Banks to Work For program was started in 2013 by American Banker and Best Companies Group to recognize and honor U.S. banks for outstanding employee satisfaction.
“It is an extraordinary honor to be named among the 90 banks that are considered a Best Bank to Work For in the financial industry,” said Thomas Shara, President and CEO of Lakeland Bank. “I am personally thrilled with this distinguished recognition and have always known that we are a premier bank because of our amazing associates who continually go above and beyond to serve our customers and each other.”
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. Many highlighted internal development programs for employees, increased 401(k) matches or remote working arrangements. Some talked about changing the ways they’ve been looking for talent, expanding the search outside their footprint now that they are offering remote working and seeking new skill sets and backgrounds instead of focusing on bank experience.
Determining the Best Banks to Work For involves a two-step process. The first step involves 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.
Best Companies Group managed the overall registration and survey process and also analyzed the data and used their expertise to determine the final ranking. Full results of this year’s program are available at American Banker and in the November issue of American Banker Magazine. 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.
About Lakeland Bank
Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has over $8.1 billion in total assets. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, N.Y., the Bank offers business and retail banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans and lines, and cash management services. Consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. Lakeland is proud to be recognized as New Jersey's #1 Best-In-State Bank by Forbes and Statista, named a Best Bank to Work For by American Banker and Best Companies Group, rated a 5-Star Bank by Bauer Financial and named one of New Jersey’s 50 Fastest Growing Companies by NJBIZ. Visit LakelandBank.com for more information.