Central Bank of St. Louis, which employs 2,500 individuals, announced it plans to award thousand-dollar bonuses as a result of the tax law signed in December, KMOV reported.
Part-time employees are expected to receive a bonus of $500 and full-time employees can expect a bonus of $1,000.
"The economic development that should ensue as a direct result of the new tax reform legislation will positively affect the more than 66 communities we serve," said Bryan Cook, CEO of the company. "We are excited for the opportunity to reward our dedicated and hard-working employees with this special bonus as a token of our gratitude for all that they do for our customers, businesses and communities."
The Central Bank of St. Louis joins other businesses in the state that are offering bonuses or incentives including Commerce Bancshares, Great Southern Bancorp, Stifel Financial Corp., Mid-AM Metal Forming, and Kansas City Southern.
"The Tax Cuts and Jobs Act is already making a real difference for U.S. businesses and millions of ordinary Americans and their families finding it tougher to get ahead under a system rigged against them," a statement from Freedom Partners says.