Wintrust Announces an Increase in Its Minimum Wage
January 19 2018 - 5:11PM
Wintrust Financial Corporation (Wintrust) (Nasdaq:WTFC) announced
today that as a result of the recently enacted tax reform
legislation, Wintrust will increase the minimum wage paid to its
eligible non-commissioned hourly employees to $15 per
hour. Wintrust expects that over 600 employees will
benefit from this action.
Edward J. Wehmer, President and CEO of Wintrust, commented, “I
am very proud of the Company that Wintrust has become since our
first bank opened over 26 years ago. But our
accomplishments are merely a reflection of our employees and their
dedication, hard work and passion for delivering exceptional
service to our customers and the communities we serve.
Accordingly, I am very pleased that we can share some of the
benefits of the recently enacted tax reform with our valued
employees.”
About WintrustWintrust is a financial holding
company with assets of over $27 billion whose common stock is
traded on the NASDAQ Global Select Market. Built on the "HAVE IT
ALL" model, Wintrust offers sophisticated technology and resources
of a large bank while focusing on providing service-based community
banking to each and every customer. Wintrust operates fifteen
community bank subsidiaries, with over 150 banking locations
located in the greater Chicago and southern Wisconsin market areas.
Additionally, Wintrust operates various non-bank business units
including business units which provide commercial and life
insurance premium financing in the United States, a premium finance
company operating in Canada, a company providing short-term
accounts receivable financing and value-added out-sourced
administrative services to the temporary staffing services
industry, a business unit engaging primarily in the origination and
purchase of residential mortgages for sale into the secondary
market throughout the United States, and companies providing wealth
management services.
FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, President/CEO – Wintrust Financial Corporation
David A. Dykstra, COO – Wintrust Financial Corporation
(847) 939-9000
Wintrust Website address: www.wintrust.com
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