Maine Community Bancorp increases minimum wage to $15 per hour
Jan 3, 2019
Maine Community Bancorp, the mutual holding company that owns Mechanics Savings Bank and Biddeford Savings Bank, recently announced that the minimum wage for full-time employees will increase to $15 per hour.
The increase, which took effect January 1, 2019, is part of Maine Community Bancorp’s commitment to being an employer of choice in the state of Maine. The wage increase affects sixty-seven percent of the organization’s 77 hourly employees and is $4 per hour higher than the state of Maine minimum wage.
“The wage increase recognizes the value of everyone’s service to Maine Community Bancorp, especially our hard-working customer service and operations staff that make us so successful,” said Jeanne Hulit, president and CEO of Maine Community Bancorp. “It is also further demonstration of our commitment to attracting and retaining talented employees who can help us grow stronger together.”
“The minimum wage increase is more than just an investment in our employees; it’s an investment in our communities,” said Jon Oxman, chairman of the Maine Community Bancorp board of directors. “By increasing the living wage, we’re helping build solid financial foundations for our staff, allowing them to save and to reinvest their money by spending at local businesses. Our employees deserve the same level of financial security that we strive to provide our customers.”