GenoaBank named ‘Top Workplace’ receives Five Stars ‘Superior’ rating

–by Sylvania AdVantage Staff


GenoaBank, a locally owned, independent, community bank, has been awarded a 2016 Top Workplaces honor by The Blade. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC., a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including alignment, execution, and connection, just to name a few.

“The Top Workplaces award is not a popularity contest. Oftentimes, people assume it’s all about fancy perks and benefits,” said Doug Claffey, CEO of WorkplaceDynamics. “To be a Top Workplace, organizations must meet strict standards for organizational health. Who better to ask about work life than the people who live the culture every day — the employees. Time and time again, our research has proven that what’s most important to them is a strong belief in where the organization is headed, how it’s going to get there, and the feeling that everyone is in it together,” Claffey added. “Without this sense of connection, an organization doesn’t have a shot at being named a Top Workplace.”

“For 114 years we have never lost sight of our number one asset, our employees, who live our mission of delivering the best banking experience to our customers each and every day. We are proud to be recognized with this award, and will continue the bank’s commitment to providing a professional and supportive environment for our high achieving employees,” said Martin P. Sutter, Chairman, President/CEO of GenoaBank.

Rachael Paule, HR Manager for GenoaBank added, “Our success could not have been possible without the integrity, dedication, passion, and customer-centered focus of our employees. To all of our employees, who are the bedrock of the organization, GenoaBank would like to thank you for this great honor and congratulate you for a job well done.”

GenoaBank proved its strength, financial performance and soundness by being awarded the highest possible rating –Five Stars “Superior” – from the nation’s leading independent bank-rating firm BauerFinancial.

Five-Star Superior rating signifies that the Bank is one of the strongest financial institutions in the nation and is safe, financially sound and operating above its regulatory capital requirements.

Using a complex and rigorous scoring regimen, BauerFinancial presented its top rating to GenoaBank as a testament to its stability and strong management. To earn the Five Star “Superior” rating, GenoaBank needed to report not only impressive capital levels, but also a strong loan portfolio with negligible levels of delinquent loans, as well as other positive financial criteria.

“It is an honor to be recognized by BauerFinancial as one of its strongest community banks within Northwest Ohio. We are proud to have been recognized with a consistent 5-Star rating, and will continue to work hard to perform at this level for our shareholders and customers alike,” said Sutter. “In addition, we are extremely proud of our employees for their contribution that earned this recognition.”