Submitted by: Peoples Bank

In response to the newly passed tax reform legislation, Peoples Bank today announced new investments in its employees. Specifically, Peoples Bank will raise the minimum wage to $15 for all hourly employees, effective February 1, 2018, and will increase its 401K match one point to eight percent for all eligible employees, effective immediately.

“These new employee benefits reflect our ongoing commitment to doing what is right at every step, and our People Come First philosophy which guides the decisions we make in support of our customers and employees,” said Charles LeCocq, Chairman of the Board and Chief Executive Officer. “The new corporate tax reform package is an opportunity to give back to our employees, and recognize their hard work and dedication to providing our customers with a full relationship banking experience and exceptional customer service.”

Peoples Bank will continue to invest in the communities in which its employees live and work through generous sponsorship and grant support to local nonprofits and community organizations. The Bank also supports employees through its wellness program, Wholepeople, which includes a $200 annual Wellness Reimbursement, paid time off for community service and other benefits designed to promote a healthy mind, body and community.

About Peoples Bank

Peoples Bank is a locally owned and operated, independent full-service community bank with over $1.6 billion in assets. Headquartered in Bellingham, Washington, the Bank was founded in 1921 and operates 25 branches located throughout Washington. In its most recent rating, Bauer Financial, a leading independent bank rating firm, awarded Peoples Bank its highest five-star superior rating. This rating recognizes Peoples Bank’s strong financial management practices, dedicated employees and long-standing customer relationships.

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