Company Name: Phelps County Bank
Location: Rolla, MO
Nature of Business: Local bank
Founded: 1963
Revenue: $3.2 million
Number of Employees: 85
Average Tenure: 13.5 years
The local bank used to be a cornerstone in community relations. Before cash machines, online checking
and global outsourcing, your bank was as familiar as the local grocery, and your banker knew you and
your family like an old friend. Walking into Phelps County Bank today, you're going to understand what
quality banking can still represent, and what employee ownership can mean to a community. Founded
in 1963, this establishment is now one of only two banks in the country which are completely employee
owned. Bonuses representing 5% - 20% of salary and lucrative ESOP options of 20% - 30% of salary
explain why this team of 90 bank employee-owners claims the longest average tenure among our Top
Small Workplaces. Better business is a shared goal, and the bank supports exceptional training for all
new hires and paid coursework for continued education. Ownership is at the core here, and it is this
which has grown the bank despite new competition and lean times. Clients and employees relish the comfortable atmosphere and pervasive attention to quality work.
More 2007 Top Small Workplaces