Congressman Clay Higgins (R-LA) offered praise for a recent IBERIABANK announcement that employees would receive bonuses and wage increases as a result of federal tax reform legislation.
The investments include:
- Pay raise of $2/hour* will be given to non-exempt, non-commissioned associates, who currently earn $15 per hour or less, ranging from an average of 12% to as much as a 23% increase, in base compensation.
- $1,000 cash bonus* will be paid to all part-time and full-time associates who currently earn between $15/hour and $100,000 annually in base pay.
IBERIABANK is headquartered in Lafayette, LA and has 335 combined offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South Carolina.
Congressman Higgins issued the following statement:
“This is the type of economic growth and investment that we are seeing from hundreds of companies across the nation as a direct result of historic tax cuts. I’m excited to see South Louisiana’s own IBERIABANK investing in its employees with bonuses and higher wages. These are real benefits for real American families. More than 3 million American workers have benefitted from similar investments, and all Americans will benefit from lower rates and a greatly simplified tax code.”
Daryl G. Byrd, President & CEO of IBERIABANK Corporation:
“In total, these investments benefit nearly 80% of our associates. We are very proud of our team, and we are pleased to reward those who take care of our clients and our communities every day in extraordinary ways. Continuing to invest in our people helps us to attract and retain high quality associates, which translates into strong financial performance and positive results for our shareholders.”