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Stock impact report

1st Security Bank of Washington and its Holding Company, FS Bancorp, Inc., Announce $20.00 per hour Minimum Wage for all Employees

FS Bancorp, Inc. (FSBW) 
Last fs bancorp, inc. earnings: 4/24 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investorrelations.fsbwa.com
Company Research Source: Accesswire
MOUNTLAKE TERRACE, WA / ACCESSWIRE / June 9, 2021 / 1st Security Bank ("the Bank") and its holding company, FS Bancorp, Inc. (NASDAQ:FSBW), announced today that the Bank is raising its minimum wage to $20.00 per hour to provide all employees a livable wage. This hourly rate increase will provide an annualized minimum wage of $41,600 for full-time employees effective June 24th."Our employees are our most important asset," stated Joe Adams, CEO, "A cornerstone of employee success is our ability to provide a livable wage to all teammates. We believe a minimum wage of $20.00 per hour supports that effort."In 2020, the Bank's Executive Team implemented "Operation Safe and Secure" in response to the uncertainties created by the global pandemic. One of the Operation's primary goals was to provide employees with financial security during a time of global economic crisis. The Bank's Board of Directors committed early in the pandemic not to reduce the Bank's workforce. Today's move to provide a Show less Read more
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