Christmas came early for more than 300 employees at Amarillo National Bank when they found out they’d be getting a $1,000 pay raise.
The bosses at ANB are saying the pay increase is because of the GOP’s tax reform bill.
The raises are the highest salary and wage increases in the bank’s history.
313 of the bank’s 600 full-time, non-salaried employees will get an immediate raise of $1,000.
ANB says they also plan on investing another $2.5 million into it’s downtown properties.
Executive Vice President William Ware says the bank will be saving a ton of money with the new tax bill so they’re investing those savings back into their most valuable asset, their employees.
Executive Vice President William Ware said, “This is a once in a lifetime opportunity and we know with the savings from the tax reform bill, we want to reinvest that back into our bank and the first place we are going to put it is into our employees. That’s our most important asset and we feel like that’s a great thing to do.”
ANB has 18 branches in Amarillo, Canyon, Borger and Lubbock.
ANB has been around for 125 years and they think these investments will show their commitment to our community.
The tax reform bill has passed both the house and senate and is now headed to president trump to be signed into law.