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NEWS RELEASE 2008
April 29, 2008
ABA Media Contact: Marquita Powell
(202) 663-5418
E-mail: mpowell@aba.com
Click here for Teach Children to Save Press Kit
URBAN TRUST BANK TALKS "SAVINGS" WITH LECKIE ELEMENTARY SCHOOL STUDENTS
Event Part of Twelfth Annual Teach Children to Save Day
WASHINGTON, April 29—Today, Henry M. Hall of Urban Trust Bank, along with the American Bankers Association's Robert Schmermund talked "savings" with Leckie Elementary school students as part of the American Bankers Association Education Foundation's twelfth annual Teach Children to Save Day.
"In a time where pop culture persuades kids to spend, it's important that someone teaches them to save," explained Henry Hall, a senior vice-president at Urban Trust Bank. "As a banker, I understand the value of saving, especially during tough economic times. It's essential that my future customers understand it too."
Urban Trust Bank's motto is "Dreams • Knowledge • Wealth, which reflects the bank's experience that knowledge is an essential component of wealth. With that in mind, Urban Trust Bank is launching a financial education initiative through its branch network this summer. Each branch will be equipped with educational material addressing topics such as budgeting, savings, and money management. Urban Trust Bank believes that empowering customers through financial education is the best way to achieve financial success for its customers and for the bank.
Urban Trust Bank volunteers will be joined by more than 12,000 bankers across the country who will share with students the value of saving. Bankers will incorporate games and activities into lessons on the concept of saving, how interest makes money grow, how to create a budget and differentiate between needs and wants. Since the Foundation launched Teach Children to Save Day in 1997, more than 45,000 banker volunteers have reached nearly 2.3 million students with saving lessons.
"Bankers and financial education are a perfect fit," said Robert P. Schmermund, ABA executive vice president of member relations. "Students appreciate financial lessons from bankers, as they would appreciate music lessons from a musician. They are literally getting the information 'straight from the banker's mouth.' And this makes a difference."
For more information on the TCTS program, visit www.abaef.com.
Urban Trust Bank (UTB) is a federally chartered thrift founded by entrepreneur Robert L. Johnson, founder of Black Entertainment Television (BET), Chairman of the RLJ Companies, and owner of the NBA Charlotte Bobcats. UTB offers a broad product line that includes deposit products, consumer loans, mortgages, credit cards and small business banking services. The bank is founded on the premise of the power of dreams. Urban Trust's goal is to understand the dreams of its customers and offer them the knowledge to turn those dreams into reality, which will help them build wealth. For more information, visit http://www.urbantrustbank.com or call 1-800-584-0015.
The ABA Education Foundation, a non-profit subsidiary of the American Bankers Association, is committed to developing and providing education programs that lead to financial literacy. For more than eighty years, we have supported the banking industry's efforts to teach personal finance skills in schools and communities across the country. The programs we provide are specifically and uniquely created for young children, teenagers and adults to provide them with the skills they need to budget, save, and manage credit. For more information, visit http://www.abaef.com or call 1-800-BANKERS.
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