Wainwright Bank Ranked Among "Top 50 Best Places to Work"

Boston Business Journal

June 6, 2003

The Boston Business Journal has named Wainwright Bank & Trust Company (NASDAQ: WAIN) one of the top fifty Best Places to Work in Massachusetts in its first statewide awards program.

The award recognizes a company's achievements in creating a positive work environment that attracts and retains employees through a combination of benefits, working conditions and company culture. The Boston-based Wainwright Bank was one of 145 companies to enter, ranking 31st among the top 50 list.

"For us, it's obvious and simple - because we treat our employees well they like where they work. In turn, they are more productive and treat our customers well," said Jan Miller, President and CEO of Wainwright Bank.

"We entered the award program," said Aime O'Donovan, Vice President of Human Resources, "because we think our culture is unique, both in the diversity it reflects and the benefits it provides to our employees."

Companies were evaluated on two kinds of information collected. Each completed an overall questionnaire about retirement plans, health insurance, profit sharing or stock options, performance-based reviews, employee training, paternity leave, and perks such as parking, child care, subsidized transportation or tuition reimbursement.

Common themes among top companies focused on work-life balance, respect and caring for employees, recognition of accomplishments, feeling empowered, good teamwork, and commitment to community service.

"The best places to work are companies that don't cut back their commitment to employees in a down economy, while asking them to work harder and smarter," said BBJ publisher, Mike Olivieri. "They recognize employees as their best asset, instrumental in maintaining the quality and reputation of services and products. It's a smart - and winning - business strategy."

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