United Community earns 8th consecutive recognition as one of the Best Banks to Work For
Rhea-AI Summary
United Community has been named one of the Best Banks to Work For in 2024 by American Banker and Best Companies Group, marking its eighth consecutive year on the list. The bank, one of only three with assets exceeding $25 billion, earned recognition for its employee satisfaction and benefits package.
Notable initiatives include the expanded Power of U council for employee-management collaboration, sick time donation program, volunteer time off, and an internal assistance fund that recently aided employees affected by Hurricane Helene. The bank also features URock, an internal recognition platform, and offers an extra 'holiyay' for personal celebrations.
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News Market Reaction
On the day this news was published, UCB gained 0.03%, reflecting a mild positive market reaction.
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"We believe creating an environment where our team members can thrive is a large part of our success. Being recognized as a great place for great people to work validates that we're building a culture that empowers our team to do their best work," said CEO and Chairman Lynn Harton.
United is a bank that is focused on maintaining its people-first culture. This year, United revamped and expanded its Power of U council – an initiative that encourages open communication and collaboration between management and employees. The council helps address the diverse needs and aspirations of United's workforce while driving employee engagement, accountability and retention. Additionally, the bank offers benefits such as sick time donation, paid time off to volunteer at an organization of an employees' choosing and an internal assistance fund that supports teammates who may need extra help. Most recently, this fund was activated when more than a dozen employees were devastated by Hurricane Helene.
"Our employees' compassion and commitment to each other is what set us apart," said Chief Human Resources Officer Holly Berry. "Our culture of caring was front-and-center recently in the wake of Hurricane Helene and I have never been more proud to be part of a team that took care of each other."
United's internal recognition platform, URock, allows teammates to recognize each other with a note of encouragement that goes to both the employee and their manager. Employees enjoy the perk of an extra 'holiyay' to give teammates time off to celebrate a holiday or personal event that is special to them.
Since 2013, the Best Banks to Work For program by American Banker and Best Companies Group has identified, recognized and honored
Determining the Best Banks to Work For is 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. The program is open to commercial banks, thrifts, savings banks and other chartered retail financial institutions with at least 50 employees in
About United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of September 30, 2024, United Community Banks, Inc. had
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SOURCE United Community Bank