BMO Harris Bank Announces Plans for Investing in Employees and Communities as a Result of Tax Reform

• Minimum wage raised to $15 per hour, effective immediately
• Community giving to be increased

CHICAGO and MILWAUKEE, Jan. 30, 2018 /CNW/ - BMO Harris Bank today announced that, following the tax reform package recently signed into law, it is both raising its level of community giving and increasing the minimum wage it pays its employees – effective immediately – to $15.00 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, 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% in 2018. BMO Harris Bank gave over $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.

About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through nearly 600 branches and fee-free access to over 40,000 ATMs across the United States. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a highly diversified financial services provider with total assets of CDN$710 billion (as of October 31, 2017), and more than 45,000 employees.

SOURCE BMO Harris Bank