IBERIABANK announces raises and bonuses - KATC.com | Continuous News Coverage | Acadiana-Lafayette

IBERIABANK announces raises and bonuses

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Source: IberiaBank.com Source: IberiaBank.com

IBERIABANK announced last week that raises and bonuses would be given to some employees, attributing the action to the passage of the federal tax bill.

According to a press release, the company will give a $2 per hour pay raise to non-exempt, non-commissioned associates, who currently earn $15 per hour or less.

A $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."

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. 

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