Employee Ownership and Successful Banks

Writing in Banking Exchange, consultant Jeff Gerrish identified 14 characteristics that mark high-performing community banks. He included employee ownership as one of the 14 because, in his words, "I found a positive correlation between high performance and significant employee ownership. Employees having skin in the game, while it may not totally drive performance, will certainly help by aligning in a tangible way the employees' interests with the company's interests."