Jan 30, 201806:12 PMBlog
Columbia Bank raising starting pay, cites tax reform
Count Columbia Bank among the companies who have decided to pay the results of federal tax reform forward.
The Tacoma-based bank today announced an increase of its starting pay rate for employees to $15 an hour. That’s $3 more than Tacoma’s $12 per hour minimum wage and $1.50 more than the mandated 2020 statewide minimum of $13.50.
The bank also announced that it will enhance its investment in employee development and training programs; increase funding for employee-directed giving through Columbia Cares 501(c)3 non-profit organization; and allocate funds to enhance the digital banking technology experience for customers.
"Columbia's investment plan reaffirms our commitment to the three pillars of our culture – our employees, our community and our customers, while also maintaining our steadfast commitment to our shareholders," said Hadley Robbins, president and CEO of Columbia Bank. "We're pleased to have this opportunity to reward and develop our dedicated employees, enhance the quality of life in the communities we serve and invest in technology to deliver a best-in-class customer experience."