The Work Index by Flexa

Androscoggin Bank

Androscoggin Bank is a Maine-based community bank committed to serving its customers, employees, and communities with a focus on sustainability and social impact.

https://www.androscogginbank.com/
5.4

/10

Transparency ranking

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Description

Androscoggin Bank is a Maine-based community bank with a focus on providing exceptional service and support to its customers. They are dedicated to making a positive impact on the lives of those around them and are committed to transparency and accountability in their social and environmental performance. They are one of only 14 banks in the US to be certified as a B Corporation, demonstrating their commitment to using profit to power their purpose, rather than profit being the sole purpose.

Androscoggin Bank offers a wide range of financial products and services for both individuals and businesses, including checking and savings accounts, loans, mortgages, wealth management, and insurance. They are committed to serving the best interests of their clients, employees, and communities, and they have a strong track record of community engagement and philanthropic giving. Androscoggin Bank has a strong commitment to diversity, equity, and inclusion, both internally and through targeted donations and support of minority-owned businesses.

Flexibility

Androscoggin Bank offers employees paid time off for volunteering, giving them the opportunity to dedicate time to community initiatives. While specific details regarding remote work or flexible schedules are not explicitly mentioned, the focus on employee volunteerism suggests a potential for flexible arrangements, though this should be confirmed through direct communication with the company.

Benefits

Androscoggin Bank offers a range of employee benefits, including health insurance, retirement savings plan, paid time off, and a generous volunteer program. Employees are encouraged to participate in the company's "Greater Giving" initiative, which provides them with 24 hours of paid volunteer time each year to give back to the community. The company is also committed to diversity, equity, and inclusion, and offers a variety of resources and support to its employees.

Mission

Androscoggin Bank is a Maine-based community bank committed to providing a personalized banking experience that prioritizes client relationships and values. They strive to empower their employees to deliver exceptional service and support to their clients, while also making a positive impact on their communities. Their commitment to social and environmental responsibility is demonstrated through their status as a Certified B Corporation and their ongoing efforts to support local non-profits, foster diversity and inclusion, and embrace sustainable business practices.

Environmental impact driven
Improving quality of life/health
Social impact led
Sustainability

Culture

Androscoggin Bank promotes a culture focused on community engagement, employee empowerment, and a commitment to social responsibility. They value building relationships with both customers and employees, emphasizing a personalized approach to banking. The company encourages employees to volunteer in their communities and fosters a culture of inclusivity and diversity, aligning their actions with their mission as a Certified B Corporation.

Collaborative
Engaging
Fun
People-first
Progressive
Supportive
Transparent

DE&I

Androscoggin Bank demonstrates a commitment to Diversity, Equity and Inclusion through various internal and external efforts. They strive to foster an equitable internal culture, prioritize serving the needs of women and minority-owned businesses, and make targeted donations to organizations like the Maine Justice Foundation.

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