Partnership Bank, along with six other Wisconsin businesses, received Torch Awards for Ethics from the Wisconsin Better Business Bureau recently.
This statewide award celebrates trusted businesses who incorporate excellence and ethics into every aspect of their businesses. Since 2005, the Wisconsin BBB has presented Torch Awards to just over 100 businesses. Judged by an independent, voluntary panel of 17 judges, the award is an external, unbiased validation of a company's character, culture and support of community.
"Being recognized by the BBB is a great honor for us," said Nate Salas, President-Partnership Bank Watertown. "I am extremely proud of our team and the work they do to build trusting relationships with clients and the community."
Partnership Bank now joins the elite ranks of a small number of Wisconsin businesses recognized for meeting the highest standards of integrity, ethics, and an unwavering commitment to their clients and the community.
"This public status carries both privilege and responsibility," Salas said.
A lifetime award, Torch Awards recipients serve as role models and lead their industry by promoting ethical business practices and demonstrating a solid commitment to building marketplace trust.
"Especially in the financial services industry, consumer trust has eroded and is reaching all time lows," Salas said. "As a community bank, we're realistic in knowing our limited influence over giant financial institutions. However, no one can stop us from asking the questions in our community; holding ourselves and others accountable to high standards of honesty, transparency, and integrity; and motivating our clients to ask the right questions before they make financial decisions. Trust is the cornerstone on which every banking relationship is built."
To be eligible, entrants are first nominated, then asked to complete a questionnaire and provide documentation based on the Six Principles of Trust:
-- Transformation from the Top: Leadership's Commitment to Ethical Practices
-- Reinforce and Build: Communication of Ethical Practices
-- Unite the Team: Leadership Practices to Unify the Organization
-- Steer Performance: Commitment to Performance Management Practices
-- Treasure People: Commitment to Ethical Human Resources Practices
-- Enthusiastically Reinvest: Commitment to the Community
Partnership Bank is a $285 million community bank.
It is owned by community shareholders and governed by a community-active board of directors.
It has local offices in Watertown, Cedarburg, Mequon and Tomah.