Citing tax reform, Town Bank joins other banks in raising minimum hourly pay to $15

Town Bank is joining a growing list of Wisconsin and national banks in raising the minimum hourly wage for employees to $15.

Town Bank, a Hartland-based bank owned by Wintrust Financial Corp., of Rosemont, Ill., said Wednesday the decision to increase the pay rate for eligible staff "comes as a result of the recently enacted tax reform legislation and the bank’s continued commitment to its employees."

Wintrust said it expects that more than 600 employees will benefit from the pay raise across its family of more than 150 bank locations, including Town Bank's 19 branches in Wisconsin.