Trust Company Bank in Jersey City, New Jersey, has paid $194,674 in back wages
to 296 current or former employees to settle U.S. Labor Department allegations
that the bank violated the overtime provisions of the Fair Labor Standards Act.
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Download NowNorthfork Bank of Melville, New York, recently acquired the company, which
had about 100 branches in New Jersey and New York.
The department says workers employed as personal banking representatives, senior
personal banking representatives, and in-store sales associates in 2003 were
not paid overtime when they worked more than 40 hours in a workweek, in violation
of FLSA. The bank also did not maintain an accurate record of their time, according
to the department.
The Department of Labor recovered more than $212 million in back wages in fiscal
year (FY) 2003, a 21 percent increase over the record-setting amount of FY 2002.