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


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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 24
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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 ....

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