LAFAYETTE, La., Jan. 26, 2018 /PRNewswire/ -- IBERIABANK
(www.iberiabank.com), the 130-year-old subsidiary of IBERIABANK
Corporation (NASDAQ: IBKC), announced today, that following the
passage of the new federal tax reform legislation, the Company will
invest a portion of savings in its associates in two meaningful
ways:
- 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.
"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," says Daryl G. Byrd, President and CEO of IBERIABANK
Corporation. "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."
IBERIABANK Corporation
The Company is a financial
holding company with 335 combined offices, including 228 bank
branch offices and one loan production office in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South
Carolina, 24 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 68
locations in 10 states. The Company has 13 locations with
representatives of IBERIA Wealth
Advisors in four states, and one IBERIA Capital Partners, L.L.C. office in
New Orleans. The Company's common
stock trades on the NASDAQ Global Select Market under the symbol
"IBKC." Follow IBERIABANK on LinkedIn, Facebook and
Twitter.
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SOURCE IBERIABANK Corporation