Unity Bank News: Food Pantry Donations, Employee Bonuses

Unity Bank employees recently donated $1,300 to the Franklin Food Bank and also learned that they will receive a one-time bonus thanks to federal legislation.

The township food bank was one of 17 food pantries in New Jersey and Easton, Pa. to receive the donation, according to a press release from the bank.

Money for the donations was donated by employees and matched by the bank as part of a special holiday community service project, according to the release.

“I am extremely proud of the generosity our employees continue to show in this important community service project,” Unity Bank President and CEO James A. Hughes said in the release. “All of these organizations provide vital services to those in need throughout New Jersey and the Easton area. As a community bank, it is a privilege to be able to support the important work of these food banks.”

As a result of the federal tax legislation, Unity Bank employees – excluding executive management – will receive a $750 bonus in January, the bank announced.

“The bank’s Board and executive management felt strongly that the anticipated benefit of the corporate tax rate reduction should be shared with our employees,” Hughes said in a press release. “Unity’s employees constantly demonstrate their commitment to our customers and the community, not only in their work responsibilities, but by donating their personal time and resources to benefit those in need. We foster an entrepreneurial culture at Unity where the employees and bank can grow together and this decision fits perfectly with that philosophy.”

The corporate tax rate in the recently passed legislation will drop from 35 percent to 21 percent.


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