A Grand Junction-based community bank is among the winners of inaugural awards recognizing their efforts to offer exceptional work experiences to employees.
Timberline Bank was among five banks to receive Best Community Banks to Work For awards from the Independent Community Bankers of America (ICBA), a national trade association.
The winners were selected on the basis of results of a workplace survey hosted by Avannis, an independent research agency. The survey consisted of 38 responses in which the most positive responses added up to an index score of 100 percent. The banks with the highest scores in each of five asset classes were selected as the winner.
Nearly 2,600 bank employees responded to the survey upon which the award winners were determined. Of those, 98 percent said they’d recommend their employers to others.
With assets of $315 million, Timberline Bank won the award in the asset class for banks with $250 million to $499 million in assets. Timberline employs a total of more than 60 people at locations in Grand Junction as well as Aspen and Montrose.
According to a story about the award winners that appears in the December issue of Independent Banker, a publication of the ICBA, Timberline Bank has developed a workplace culture in which employees are encouraged to share their ideas. Employee teams from every level of the bank set and advance goals.
Jeff Taets, one of two chief executive officers at Timberline Bank in Grand Junction, said in the story the process is an important one. “We tell employees that there’s not just one way to do this business. If they know a better way to do something, whether they heard about it or a former employer of theirs did it, we tell them, ‘Let’s talk about it and see if there’s a way to implement that in our organization.’ It would be silly to think the president or CEO knows more about accounting than the CPA in our accounting department or more about teller operations than the person who has worked behind the teller line for 20 years.”
Timberline Bank provides continuing education and coaching to help employees realize their potential, including those interested in pursuing different roles at the bank. The bank also conducts activities that foster a family atmosphere.
Timberline Bank has twice been named the U.S. Small Business Administration Colorado Rural Lender of the Year.
Timberline Bank is constructing a new location at 649 Market St. in Grand Junction — a four-story, 40,000-square-foot facility that will offer more parking and include drive-up services as well as a coffee shop and internet cafe.