Ohnward Bancshares announces tax relief bonus

     As a result of the passage of the tax relief bill last week, Ohnward Bancshares has announced it will pay a $1,000 tax relief, holiday bonus to every company employee. This bonus is separate, and, in addition to, normal bonuses received based on company performance.

     “There has been a lot of debate about what a tax cut will do for the nation’s economy,” commented the Ohnward leadership team of Abram Tubbs, Brigham Tubbs, Alan Tubbs and Kendra Beck. “This sweeping tax reform will create economic growth in our communities, but only if the expense savings are shared. In consideration of the bonus we have encouraged each team member to spend it at locally-owned businesses or consider making a donation to a local, charitable organization that he/she believes in.”

     The leadership team points out that the passage of the tax relief bill is only part of the story. Over the last 10 years, during times of economic recession and stagnant growth, Ohnward has enjoyed growth rates that exceed those of the national economy. At the same time, the company has maintained a strong level of profitability. These results have been achieved because of the commitment and dedication of our team.

     “We are blessed to work with an extremely talented and dedicated group of people. Each and every one is committed to carrying out our mission – Every day we will make a positive difference in the financial lives of everyone we touch. We are pleased to be able to share the financial result with the team that makes it happen.”