McGregor, Texas (November 25, 2020)—Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), today named TFNB Your Bank for Life to its 2020 Best Community Banks to Work For in recognition of the bank’s efforts to create an exceptional work experience for employees.
“Community banks have always valued relationships and trust so it’s no wonder they would foster work environments that encourage a collegial, family-like culture, while valuing professional development, creativity, accountability and dedication,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA applauds this year’s honorees for their efforts to make their community bank a great place to work, which ultimately elevates community banking as a rewarding career nationwide.”
The $700 million-asset TFNB was praised by staff for its ownership structure, which emphasizes cooperation and collaboration enterprise-wide.
“Having an employee stock ownership plan is monumental in building buy-in and empowering employees to help make decisions that benefit customers,” President and CEO David Littlewood says. “At a minimum, it means to treat each other like we treat customers. Every employee is a customer to another employee. That is our philosophy.”
TFNB Your Bank for Life is highlighted in Independent Banker’s December issue representing community banks with $500 million to $749 million in assets. Selections were based on a detailed questionnaire and a nationwide survey of more than 5,700 full-time community bank employees administered 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. Shazam sponsored this year’s award.
TFNB Your Bank for Life is a full-service community bank with five locations serving Waco and the surrounding Central Texas area. Originally founded as The First National Bank of McGregor in 1889, it is the oldest bank in McLennan County. It is also the seventh oldest national bank in Texas still operating under its original charter. Due to recent expansion and a continued vision of growth, TFNB adopted a new name to reflect its wider scope of service.
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 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 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.