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Bank of Holland hones career-oriented culture
Compared to many banking organizations, The Bank of Holland would be considered small, but by creating a culture of learning, the organization has been able to successfully recruit and retain top talent out of college.
“(Students) are generally career focused. I think a lot of them are very understanding of the fact that, long-term, a well-balanced career is going to get them further than a short-term type fix. We do compete with other banks. We don’t pay the highest rate in the market in terms of people coming into the bank — we can’t compete at that level sometimes,” said Paul Anema, the bank’s vice president of human resources. “The tradeoff is when we can offer them a well-rounded career and aggressively promote them internally. It’s a neat culture to work in because of that.”
A well-rounded experienced is highly valued at The Bank of Holland, which puts a heavy emphasis on education. Every employee has an individual learning plan that addresses their needs. Senior management finds ways to fill the knowledge gaps of employees and reviews their learning plan with them.
For special recruits, the bank has what it calls its Professional Development Program. The three-and-a-half-year program recently graduated its first class.
“The Bank of Holland is trying to create a unique culture in the banking environment. This program is an integral part of that culture. We want people who bank with us to have a very intimate person-to-person experience,” said Anema. “What this program is designed to do is tap into the colleges — and we try to get the cream of the crop out of the colleges — and try to get the students to understand we want to offer them a career and not a job. That career is focused on getting a well-rounded experience in banking.”
The program puts its PDP candidates through rotations in the various financial areas such as credit, loan documentation, retail and cash management, lending, loan review and compliance, mortgages, operations and administrations.
“As the bank continues to grow, we want them to be in position for those opportunities in a sales position, management or supervisory position. We’re having a good, high success rate for that.”
PDP candidates can be placed in any one of the bank’s four locations: Holland, Grand Rapids, Traverse City and Petoskey. The candidates work closely with senior members of the bank and the community to prepare for leadership roles.
“Not only does it give them a wide perspective with respect to the knowledge and skills and the experiences they’re going to have, but it gives them a wide degree of knowledge in terms of meeting clients and customers right up front as they go on visits with our experienced staff. It also gives them a wide degree of experience in terms of range of management in the company,” he said. “These candidates get the opportunity to be mentored by senior members of the bank or members of the community who are in positions of leadership.”
Learning can be a two-way street at the bank, as young candidates also bring something to the table.
“They also attend things like a book study. We do a lot of reading in the bank, and they are expected to suggest books that they or senior management would like to read,” he said. “We have had a professional development young person go through the operations area. Interestingly enough, that young man is helping us lead the charge with some new technology that we are going to launch internally — technology that is going to enhance the customer experience at the front desk. It’s a situation where this young man really grasped the technology quicker than some of our current employees did.”
Rachel Swearingen is a graduate of the PDP program who now works in the client service program. She started the program immediately after graduating from Hope College.
“Being in the Professional Development Program has exposed me to leadership at the bank and has shown me that the way that I would like to serve clients is the way the bank expects; the bank has very high standards for that and has given me the confidence to be the manager of the client services department,” she said. “The program is definitely a lot of hard work. A lot is expected from a Professional Development Program employee and with those expectations there is the exposure to the clients and to the leadership staff of the bank. It takes a commitment to do what it takes, and family members being flexible to do the work. I did make those sacrifices and have learned a lot.”
Senior management has been the linchpin in making this program work. Without their foresight, Anema said the program would not have succeeded.
“Senior management has really done a good job … to look downstream (and) to know that a program of this nature would benefit the bank and have a bottom-line impact on our client experience,” said Anema. “Senior management dedicates a lot of resources for the program, but bottom line, the program pays off for us. It’s neat to see — from the human resources and talent management standpoint — to see a bottom line impact when everybody puts their best foot forward to make something like this happen.”