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Amboy Announces Minimum Wage Increase to $15

 

(Old Bridge, NJ, February, 2018)  Stanley J. Koreyva Jr., President and COO, has announced a staff compensation enhancement program increasing the minimum wage for all full time employees to $15 an hour.

Commenting on the change, Koreyva stated, “We want to recognize our staff members that serve our clients face to face on a daily basis and reward the skills required to provide our outstanding service. We are proud that Amboy has been Voted Best Bank for 20 years in a row and understand this is due to our outstanding employees and an expectation we will never compromise our high standards.”  As a special thank you Amboy Bank is ensuring all non-executive employees receive a year-end minimum bonus of $1,000.  

Many employees have served the bank for many years with over 49% having more than ten years of service. Koreyva added, “Banking is changing. Twenty years ago 90% of client activity was transactional in nature. Now we need to focus on educating clients on electronic banking, real estate taxes and fraud plus make sure we are proactively meeting their needs. To be successful we need to ensure we maintain the best people and we look forward to attracting new employees that will offer nothing but the best for our clients.”

Founded in 1888, Amboy Bank is a full service commercial bank with assets of $2.5 billion and 24 offices in central New Jersey. Amboy has been voted Best Bank in Central Jersey for 20 years in row.

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