Charter Bank wins numerous awards for 2013 performance
American Banker Best Banks to Work For
Charter Bank has been named one of the Best Banks to Work For in 2014. The program, which was initiated in 2013 to identify, recognize and honor the best banks to work for in the nation, is a project of American Banker and Best Companies Group.
To be considered for participation, banks had to fulfill the following eligibility requirements:
In all, 40 banks achieved “Best Bank” status in this second year for the program. The full Best Banks to Work For list will be featured in the November issue of American Banker Magazine and will be available online at AmericanBanker.com.
Determining the Best Banks to Work For involved a two-step process. The first step consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined 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.
For more information on the Best Banks to Work For program, visit www.BestBankstoWorkFor.com
Charter Bank among best Community Banks in U.S.
By Paul Gores of the Journal Sentinel
April 9, 2014
Six Wisconsin banks are among the best-performing community banks in the nation, according to rankings released Wednesday by an industry research and information firm.
SNL Financial reported that among banks with assets between $500 million and $5 billion, Charter Bankshares Inc. in Eau Claire was Wisconsin's top-ranked banking firm in 2013, placing 25th in the U.S. Charter Bankshares is the parent company of Charter Bank Eau Claire.
Green Bay's Nicolet Bankshares Inc., the parent company of Nicolet National Bank, was 50th, while First Manitowoc Bancorp Inc., which owns Bank First National, was 77th.
In the category of banks with assets of less than $500 million, Citizens State Bank of La Crosse was 43rd in the nation, while Bank of Kendall was 72nd and Peoples Bank Midwest, in Hayward, was 97th.
SNL, of Charlottesville, Va., said it ranked the best-performing community banks using six core financial performance metrics that focus on profitability, asset quality and growth for the l2-month period ended Dec. 31.
About Charter Bank
An independently owned community bank, Charter Bank operates one location: 1010 West Clairemont Avenue, Eau Claire, Wisconsin. As an Eau Claire banking institution, our headquarters emphasizes that we are local and here to serve our community with local decision-making to benefit our community. As we are pleased to remind our many loyal customers, Charter Bank is “Good For You . . . . . And Our Community, Too!”
Founded in 1980, we were a de novo (new) bank, modestly starting operations in a trailer on Clairemont Avenue. Today, with assets surpassing $560 million, we remain on Clairemont Avenue in an attractive building constructed in 2006 a few yards from where we began. The difference is that now we are the largest community bank in the Chippewa Valley with excellent ratings in the banking industry.
Our growth is the result of our dedication to our customers, providing them financial products which exceed expectations, including our Bright Future membership, College Fund, high-yield savings accounts, and interest-bearing checking accounts.
When one reviews the experience of our lending team, the result is that our lending team has over 200 combined years of lending experience! As a result, we have shown exceptional growth in loan clients and in loan balances.
The foundation of our success, however, is the loyal patronage of thousands of Chippewa Valley residents. For that reason, Charter Bank is a partner with the entire community to work together toward a better future.
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