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Best Company to Work For: Ledyard National Bank

Published Friday Dec 9, 2022

Author Matthew J. Mowry

Bank and wealth management organization.

Top Employee Engagement Survey Measures:

My manager is interested in my well being: 92% agree

My manager really cares about me as a person: 91% agree

CEO: Kathryn Underwood
Years in Business: 31
Full-time Employees: 106 (103 in NH)
Part-time/Temporary or Seasonal Employees: 2 (Benefits provided)
Years on List: 3
Address: 2 Maple St., Hanover

In 2021, Ledyard Bank was named among the Best Banks to Work For by American Banker. Ledyard was only the second bank in NH to receive this award. When you dig into the ways this bank values its employees, it is easy to see why.

For starters, all employees participate in profit sharing and receive extra contributions to their 401(k)s, company stock and bonuses.

The bank also gives employees stock shares on milestone anniversaries, and shares received are fully vested and pay quarterly dividends. (The employee is also taken out for a celebratory lunch with their supervisor, a senior manager and the CEO.)

The bank encourages longevity and hosts a Quarter Century Club dinner with the CEO and board president for those who have been with Ledyard for 25 years as well as retirees with 25 years of service.

The bank provides an HRA and employees enrolled in its health plans are provided $2,000 annually for single and two-person coverage, and $2,500 for family coverage annually. This rolls over and can accrue up to $10,000.

Regarding time off, employees receive 16 to 31 days off. If an employee has unused PTO at year-end, they can contribute up to five days to their long-term sick bank. Plus they can accrue a maximum of 30 hours in this bank to supplement their pay if they are ever out on short-term disability.

The bank rolled out a new emergency loan program this year with a 1% interest rate for employees to prevent hardship situations.

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