Bank @ $chool with Citizens National Bank

For the past six years Citizens National Bank of Bossier City, LA has implemented “Bank @ $chool” programs at several elementary schools in their community.

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Josie completes the passbook by entering the interest earned and updating the balance which she tells that amount to Ella Kate who is excited to watch her savings grow!

The Bank @ $chool program is based on the Louisiana Banker’s Education Council’s Bank @ $chool program. Citizens’ program has two complimenting components:

  1. First, the Bank provides financial literacy curricula to each school’s fourth grade teachers. The curricula is real world based and developed at an age and grade appropriate level.
  2. Second, once a month during the school year Citizens staff members visit the school for “Bank Day.” Bank Days give opportunities for students to serve each other as tellers, bookkeepers, security guards and branch managers; as the entire grade level brings their saving deposits. Tellers accept the deposits, while bookkeepers balance the account and calculate the interest earned.

At the end of the school year, students can convert their school account to a real Citizens savings account or get a check back for what the accumulate during the year.

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Kennedy, Davis, Logan and Molly are prepared for our First Bank of Legacy deposit day. They were chosen to be security guards and Branch Managers through an application and interview process just as you would have done in the real job world.

Since beginning the program, Citizens has worked with more than 2,000 Bossier Parish students.  The believe – and hope – is that these students are developing a solid foundation in financial literacy.

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After Molly’s deposit slip is complete, she proceeds to the teller, Korbin, who verifies the money and gives her a receipt.

“Our Bank @ $chool programs have had immeasurable benefits, not just for the students we serve, but our staff team as well,” said Jason Smith, executive vice president at Citizens National Bank and former president of the Louisiana Bankers Education Council. “The staff members that participate bring back stories of lessons learned and taught. It boost morale and gives the team an added sense of the value community bankers bring to the areas they serve”

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Molly and Logan fill out deposit slips before making their deposit with the tellers.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org.

Marlborough Savings Bank: Financial Literacy Program

Marlborough Savings Bank has been actively involved in a Financial Literacy Program for middle school students since late 2012. The program began at Trottier Middle School in Southborough, Massachusetts and expanded to Immaculate Conception (IC) School in Marlborough, Massachusetts in the fall of 2013. Through this program, representatives from Marlborough Savings Bank teach eighth grade students how to manage expenses, balance a checkbook and how to properly use different bank accounts and bank services. The class is conducted in a simulated real-life environment in which students are given jobs and salaries, living expenses and a budget sheet to aid them in managing their finances.

Rick Bennett, President & CEO of Marlborough Savings Bank, answers students’ questions about banking and the responsibilities of a bank president.

Rick Bennett, President & CEO of Marlborough Savings Bank, answers students’ questions about banking and the responsibilities of a bank president.

“We understand how important it is to set a solid foundation for money management. These real life scenarios will help bridge the gap in knowledge of banking products and services,” said Tracy Bartucca, AVP/consumer lending officer of Marlborough Savings Bank in Marlborough, MA.

In addition, the program offered at IC School in Marlborough is part of a mathematics course, dedicating extra attention to the calculation of interest rates on bank accounts.

Upper left corner, L to R: Tracy Bartucca, Marlborough Savings Bank AVP/Consumer Lending Officer, Stephen Maintanis, Marlborough Savings Bank Commercial Loan Assistant, and Jennifer Marble, Marlborough Savings Bank AVP/Commercial Portfolio Manager

Upper left corner, L to R: Tracy Bartucca, Marlborough Savings Bank AVP/Consumer Lending Officer, Stephen Maintanis, Marlborough Savings Bank Commercial Loan Assistant, and Jennifer Marble, Marlborough Savings Bank AVP/Commercial Portfolio Manager

President and CEO of Marlborough Savings Bank, Rick Bennett said “It’s encouraging to see the level of interest these students have in day-to-day finances, as well as high level banking concepts.”

Trottier Principal Keith Lavoie is pleased with the partnership formed between the school and the bank. “The program has added depth to our course of study that will prepare our students for the ‘real world.’ Combining a hands-on experience with an academic application gives our students a wonderful opportunity,” he said.

On the ends, L to R: Jamie Belmore, Marlborough Savings Bank Marketing Coordinator and Judy Bell, Marlborough Savings Bank Branch Manager, Southborough

On the ends, L to R: Jamie Belmore, Marlborough Savings Bank Marketing Coordinator and Judy Bell, Marlborough Savings Bank Branch Manager, Southborough

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org.

Montana Based American Federal Savings Bank: Commitment to Financial Literacy in Local High Schools

American Federal Savings Bank, located in Montana, offers employees the Financial Wellness program as well as offering members of their local communities access to Financial Peace University. Specifically, American Federal reaches out to more than 450 students at 11 area high schools as part of its Foundations in Personal Finance. 

American Federal is the first bank in Montana to have initiated this practice and sponsor in local high schools. Sponsorship was the idea of the bank’s CEO, Pete Johnson. In 2010, the program began in Helena, Bozeman, Butte and Townsend, and in 2012, the financial literacy program expanded into Missoula, Hamilton, Big Timber, Livingston, Billings and other eastern Montana communities.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org. 

Maine’s Machias Savings Bank Hosts “Future Promises” event

Since 2003, Maine community bank Machias Savings Bank has hosted Future Promises for students throughout Washington County, one of the most rural counties in the state which face a high level of poverty. The program starts with an annual job fair hosted by MSB at the University of Maine at Machias. All students in grades 3rd-6th in Washington County are invited to attend the fair. The bank invites various professionals to attend as well to discuss their jobs with students. Some of the professionals include: bankers, construction workers, vets, broadcast reporters, law enforcement and many others. Each of the professionals has a booth where they speak to the kids about their job and what it took for them to get into their chosen profession. Many of them provide engaging activities for the children to help spark their interest.

Traci Sanborn interviewing little boy

In addition to hosting the event, there is also have a booth staffed by MSB employees. At the MSB booth, staffers distribute financial literacy materials and discuss banking careers with the students. Each teacher is provided a series of financial literacy games to use in the classroom.

After the fair, students are encouraged to write an essay on what they want to be when they grow up and submit it to the bank. A committee reviews the essays and selects 20 winners. The recipients and their families are invited to an awards banquet where MSB provides dinner and presents them with their award. Students receive a certificate, a complete set of financial literacy games and a $250 voucher that can be applied to a savings account or a 529 college savings account.

Future Promises Bags

 

This program has achieved tremendous growth in the past several years with more than 900 students attending the Future Promises Job Fair in 2013. Currently, Machias Savings Bank is exploring the expansion of Future Promises to include two additional counties.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org.

Missouri’s United Bank of Union Helps Promote Financial Literacy

United Bank of Union has made a conscious effort to help increase financial literacy among members of the Union, Missouri and surrounding communities during the 2013-2014 school year. 

Seventeen of the bank’s staff participated in financial education efforts this past year going into 68 classrooms in Beaufort School, Central Elementary School in Union, Clark Vitt in Union, Union High School, Sullivan High School, Sullivan Middle School, St. Clair High School and East Central College. Bank staff members began attending classrooms from October 2013 – June 2014.

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In all, United Bank of Union employees delivered lessons to more than 1,900 students, grades kindergarten through 12th grade, and also gave a financial presentation to 24 East Central College “Intro to Business” students, and about 10 people during the Boy Scout visit to the bank in April. 

United Bank of Union also sponsors the EverFi web based financial education software program for Union High School. This program parallels the required state of Missouri personal finance course curriculum for high school students. There were 96 students that successfully completed and were certified through the program this year.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org. 

TrustAtlantic Bank and The Daniel Center for Math and Science Team Up

In late 2012, TrustAtlantic Bank implemented a financial literacy program with The Daniel Center for Math and Science. The Daniel Center is an after school program for children ages 5 to 12 that is located in a low-income census tract in Southeast Raleigh. The financial literacy program, entitled “The Money Club” was developed by bank employees specifically for The Daniel Center.

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The curriculum uses a combination of established financial literacy materials and unique lesson plans, created by bank employees. The children earn Money Club “dollars” for participating in a lesson. Each child has their own checkbook register where they log their participation dollars and can use their dollars to purchase items from the Money Club store. The children are encouraged to save their dollars for the more desirable, higher cost items in the store. In order to make a purchase, each child must write a check and deduct the purchase from their register.

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The Bank provides all of the materials for The Money Club, including the store items. The Money Club is held twice a month at The Daniel Center and each lesson is facilitated by three bank employees.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org.

Moola-U with Peoples Bank of Alabama

Peoples Bank of Alabama has always had a strong presence in the community supporting local schools in their community and students, but throughout the past several years, plans have come together and initiatives have blossomed into the launch of the bank’s Moola-U website.

Peoples Bank, in partnership with EverFi, provides 50 high schools in their community with an online financial education course called Teen Moola U. The program launched in 32 schools with more than 3,700 students participating last year. This year, Peoples Bank hopes to reach even more. The bank provides financial literacy courses to adults.

Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.

Have a story to share? Reach out to either Audrey Wright-Cipriano at audrey.cipriano@icba.org or Jessica Wallace at jessica.wallace@icba.org.