Newsletter and Subscription Sign Up

#4 Best Company: Mascoma Bank

Published Thursday Oct 7, 2021

Author Matthew J. Mowry

The 2021 class of 25 Best Companies to Work For is exceptional. And that exceptionalism was especially apparent during the past 18 months of pandemic.

Mascoma Bank

Bank and Certified B Corporation with 25 branches in NH and Vermont.

Top Employee Engagement Survey Measures:
The mission and purpose of my organization makes me feel that my job is important: 95% agree

Positive relationships exist between employees and management at my company: 95% agree

President and CEO: Clayton Adams
Years in Business: 122
Total Employees: 368 (198 in NH)
Part-Time Employees: 16 (Benefits provided)
Years on List: 4
Address: 67 North Park St., Lebanon

Mascoma Bank, a Certified B Corporation, uses business “as a force for good.” That includes building a company culture where employees embrace continuous improvement and are encouraged to innovate.

Part of its mission is to give back, and as such it attracts community-minded employees. In addition to contributing $8.3 million over the past five years to nonprofits, Mascoma provides employees with 16 hours of paid community service and matches employee donations up to $300.

The bank also encourages a healthy lifestyle. Participants in the bank’s wellness programs can win prizes that include an extra hour of volunteer time off or a matched donation to a charity of their choice.

At the request of employees, Mascoma instituted pay transparency when posting new jobs, including starting salary ranges for most positions. Mascoma is also planning to pilot a job exploration program that will highlight job openings for current employees and give more detailed information about what the role is like, including video testimonials.

To make onboarding new remote employees smoother, Mascoma sends welcome kits to new hires and pairs them with a buddy.

The bank also offers profit sharing for all employees, the opportunity to win trips when bank goals are met (this year, 10 employees won trips to Aruba), 12 weeks of paid parental leave for primary caretakers and a $3,000 tuition reimbursement.

All Stories