CREATING AN OWNERSHIP CULTURE United Bank & Trust operates an Employee Stock Ownership Plan that gives every staff member a stake in the institution’s success, eliminating the need for traditional bonus programs at any level of the organization. “We do not have a bonus program for anyone, including myself,” Wolfe says. “We feel like that the ESOP fills that role for that, and it also encourages everyone to be on the same team all the time, and we just feel like that works best for us.”The structure creates alignment across all positions and locations. When the bank prospers, employees benefit directly through increased stock value rather than competing for individual performance bonuses. Employee Stock Ownership Plans vest workers with equity stakes that grow over time, turning traditional employees into owner-participants with long-term financial interests in institutional performance. The approach addresses a persistent challenge in LEADER IN FINANCIAL EQUIPMENT AND SOFTWARE SERVICES 913.384.2620 customerservice@hydemanfinancial.com hydemanfinancial.com Understanding Problems | Providing Solutions | Delivering Results ATM / ITM TCR Automation Made Easy 134 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 11
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