Peoples Bank of Alabama is Named one of America’s Best Banks in Alabama

Posted on June 27, 2023


Peoples Bank of Alabama (PBAL) is proud to announce its inclusion in the sixth annual ranking of the Forbes 2023 America’s Best Banks in Each State list released June 20, 2023. This prestigious award is presented by Forbes and Statista, Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 20, 2023 and can currently be viewed on the Forbes website.

After the list was published, Tim Williams, PBAL’s Chief Executive Officer, shared that he was both humbled and honored to receive the recognition. As a community leader, the bank’s focus for over 45 years has always been people. This Best-In-State Bank award endorses both our efforts and our customers’ response to the pursuit of our purpose. We are grateful for our team of professionals who work hard every day to uphold our mission and values, and we wouldn’t be where we are today without our customers and shareholders who put their trust and confidence in us.

According to Statista, Inc., the list was created by conducting an online survey of about 26,000 U.S. citizens who were asked to name all banks or credit unions where they have a checking/savings account. They had to rate the bank or credit union based on various evaluation criteria like trust, customer service, terms & conditions, financial advice, branch services and digital services. For each criterion, a detailed array of questions was asked.

Additionally, for each bank or credit union in each state, an analysis of publicly available online text reviews and ratings was applied. In each state, the banks and credit unions with the highest combined score from the analysis of survey results (80%) and publicly available reviews (20%) were awarded. Nationwide banks or credit unions were excluded.

To all of our existing customers whose confidence in us as a trusted financial partner played a significant role in our achieving the America’s Best Banks award, thank you for your ongoing support and loyalty. And to those who have not yet experienced our community banking model, we welcome the opportunity to get to know you, earn your business, and provide the personal service you deserve.

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