Gulf Coast Bank & Trust Raising Minimum Wage to $12 An Hour

Company also increasing community rewards fund by 50 percent

NEW ORLEANS – Today Gulf Coast Bank & Trust Company announced it has raised its minimum wage to $12 dollars per hour effective Monday, January 8. This increase gives the bank one of the highest starting salaries for unskilled workers in the state.

CEO & President Guy T. Williams also announced a 50% increase in funds to be given away in its Community Rewards Program – an annual online contest hosted by Gulf Coast Bank that awards funds to the top 10 nonprofit organizations voted on by the community.

Williams said, “This year we are increasing the amount to be given away in our Community Rewards Program from $50,000 to $75,000 in response to the tax reform bill and because we want to help our local nonprofits even more.”

Since the program launch in 2013, Gulf Coast Bank’s Community Rewards Program has awarded $250,000 to various local nonprofits.

The Gulf Coast Bank Community Rewards program is open to any 501(c)(3) nonprofit in one of the following parishes: East Baton Rouge, Jefferson, Orleans, St. Bernard, St. Tammany and Tangipahoa. Last year’s recipients included East Louisiana Kairos Outside, Mount Carmel Academy, Lake Forest Charter School, Cat Haven, Truth in Nature, The Emerge Center, Open Arms Community Center, Metairie Humane, No One Fights Alone and Academy of Our Lady High School.

Participants can register Monday, February 5 – Wednesday, February 28 at COMMUNITYREWARDS.COM. Voting will take place Monday, March 5 – Thursday, March 29. Winners will be invited to a celebratory breakfast.

Categories: Banking, Today’s Business News