First Farmers Bank and Trust officials have announced plans to invest a substantial amount of money into employees, employee development training and into the communities they serve.
In response to the recently passed legislation that effects corporate taxes, First Farmers Bank and Trust plans to increase the minimum wage for new employees by 2-50 per hours, plus provide a minimum annual year-end bonus of 750-dollars to all full-time employees. The financial firm also plans to invest a minimum of 250-thousand dollars annually to community development and support of local branch markets. Finally, First Farmers will invest a minimum of 150-thousand dollars annually for employee development and education.
First Farmers President & C-E-O Gene Miles said the lower corporate tax rates will allow the company to further their commitment to the communities and people they serve.
First Farmers Bank & Trust is based in Converse.