Business & Tech

Beverly Bank Raises Minimum Wage To $15 An Hour

The CEO of parent company Wintrust says the recently enacted tax reform legislation is the reason he's raising workers' wages.

CHICAGO, IL - Some employees at Beverly Bank & Trust will see wage increases after parent company Wintrust announced it is raising its minimum wage for eligible non-commissioned employees to $15 an hour. The decision, which could impact more than 600 workers at more than 150 Wintrust locations nationwide, is a result of the recently enacted tax reform legislation "and the bank's continues commitment to its employees," according to a news release.

"I am very proud of the company that Wintrust has become since our first bank opened more than 26 years ago,” said Edward J. Wehmer, president and CEO of Wintrust. “But our accomplishments are merely a reflection of our employees and their dedication, hard work, and passion for delivering exceptional service to our customers and the communities we serve."

Wehmer added that he is "very pleased that we can share some of the benefits of the recently enacted tax reform with our valued employees."

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Beverly Bank & Trust has two locations in the neighborhood, one at 10258 S. Western Ave. and another at 1908 W. 103rd St. It also has nearby branches that include First National Bank of Evergreen Park, Hyde Park Bank, Oak Lawn Bank & Trust and Pullman Bank & Trust.

Photo: The Beverly Bank & Trust location near 103rd and Western. By Tim Moran / Patch

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