Manasquan Bank Named One of the Best Banks to Work For in 2020
WALL TOWNSHIP, NJ (October 30, 2020) – For the second consecutive year, The American Banker named Manasquan Bank one of the Best Banks to Work For, joining a national list of leading financial institutions demonstrating a commitment to company culture and employee engagement. Out of approximately 5,000 Banks in the U.S., only 85 financial institutions were recognized, and Manasquan Bank was ranked the 43rd Best Bank to Work For, which was also the #1 ranked financial institution for of all New Jersey.
Initiated in 2013 by American Banker and Best Companies Group, the Best Banks to Work For program identifies, recognizes and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at American Banker online and in the November 2020 issue of American Banker Magazine.
In a year marked with challenges, the leaders at the 85 institutions that make up the ranking of the Best Banks to Work For emphasized that there’s no such thing as too much communication. They also discussed how they have managed to keep colleagues safe, engaged, motivated, and appropriately recognized during this most difficult time.
“The safety and well-being of our employees and clients was first and foremost for us as we transformed and re-calibrated our organization quickly,” said James S. Vaccaro, Chairman, President & CEO. As a result, he said, “The bank instituted routine enterprise-wide calls hosted by the management team to discuss new ways of working during the pandemic.” Vaccaro added, “Being named one of the Best Banks to Work For during these unprecedented times reaffirms that our cherished culture of employee engagement remains strong, uninterrupted and durable”.
Best Companies Group managed the registration and survey process, analyzed the data and applied 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 U.S.