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Doug Bowen, PeoplesBank Earn Community Bank Hero Award

HOLYOKEBanker & Tradesman has named Douglas Bowen, president and CEO of PeoplesBank, a Community Bank Hero. In awarding that honor, the publication said it goes to individuals who show “an exceptional dedication to service and investment in their community.” Bowen and the others were recognized at a special reception to honor those in the industry who have gone above and beyond to better their organization and their community. Since becoming president and CEO of PeoplesBank in 2007, Bowen and his leadership team have led a culture change at the bank. That shift defined a triple bottom line for the bank: going forward, enhanced financial performance would be linked to community and employee engagement as well as environmental sustainability. The team focused on developing new and higher levels of employee engagement and involvement by creating life-work balance initiatives, a management-development program, employee-led think tanks, and employee-recognition events. PeoplesBank associates have volunteered an average of 6,000 hours each year for charitable causes, and 48 of the bank’s officers serve on the boards and committees of 115 nonprofit organizations. The bank has also donated more than $5 million to local charitable and civic organizations and financed more than $70 million in wind, hydroelectric, and solar energy projects. PeoplesBank, having built three LEED-registered offices, is also a leader in green construction. “I am proud to say that, when I look around at work, I see heroes — PeoplesBank associates doing remarkable things for our customers, the community, and our organization every day,” Bowen said in accepting the award.

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