The Louisiana Bankers Association recently conducted a survey of Louisiana bankers that shows they are overwhelmingly positive about the economic impact of the federal Tax Cuts and Jobs Act as evidenced by the following survey results:
And, the banks themselves see increased activity. While not all respondents have decided exactly how to deploy the savings, about 40% of the respondents who have decided how to deploy the savings say they will increase employee wages and invest in bank operations, which can aid in meeting customer needs.
“The federal tax changes will have an ongoing, positive impact on Louisiana bank customers. We are anticipating stronger economic growth than would otherwise be,” said LBA Chief Executive Officer Robert Taylor.
About LBA: Founded in 1900, the Louisiana Bankers Association’s mission is to help banks grow and prosper in Louisiana. For more than 118 years, the LBA has provided Louisiana’s banker with top-quality professional development, revenue-enhancing products and services, governmental relations and public advocacy. For more information, go to www.lba.org.