BMO Harris Bank said today that following the tax reform package recently signed into law, it is raising its level of community giving and increasing the minimum wage it pays its employees -- effective immediately -- to $15 per hour.
"We're pleased to share the benefits of the strong economic conditions, and the effects of the recent tax reform changes, with our employees and communities," said David Casper, president and CEO of BMO Harris Bank. "Our success is tied directly to the communities we serve, and we're proud of the exceptional job our employees do in providing a great customer experience."
Philanthropic giving and a strong employee giving culture are core values at BMO Harris Bank, which plans on building on its position as a market leader in supporting the communities it serves by increasing its level of community giving by 10 percent in 2018. BMO Harris Bank gave more than $17 million to community groups throughout its U.S. footprint in 2017, emphasizing community and economic development, health and human services, education and the arts.
BMO Harris Bank has nearly 600 branches and fee-free access to more than 40,000 ATMs across the United States.