School Banking Programs
For many years, Bank of Lancaster has had a strong commitment to help young people, from primary to high school, understand the importance of learning how to save at an early age and learning how to handle credit responsibly. The choices these young people make today can truly affect their lives for years to come; and as community bankers, we want very much to share our knowledge and our experience with them … we want to make a difference.
Partners in Success
Through our partnership with both the Virginia Bankers Association and the American Bankers Association, we want to help these young people understand that financial education is a life-long process that begins early in life. The School Bank program gives us a wonderful opportunity to make a difference in the lives of these students, and we’re excited because for many of these students, this is a first step.
Through the School Bank, and helping these young people develop a habit of saving, many of these young people will begin to develop life-long decision making skills that are needed to become effective, informed citizens, consumers, investors, and employees.
Shown above are the new Bright Futures Bank employees for the 2012-1013 school year.
All LMS students may open a savings account with Bright Futures Bank; it only takes a $1.00 to open the account. In order for every student at the school to be able to participate in the program, Bank of Lancaster mailed each of them a $1.00 bill. Students were encouraged to bring that dollar with them to open the account; and if the serial number on their bill matched a list of winning serial numbers, the student would win an additional $10 for their savings account. Eleven of the fifteen winning numbers came in, which was an amazing percentage.
Job descriptions were posted when school opened, and seventh and eight grade students were given the opportunity to interview for the positions of branch managers, tellers and marketing officers. The Bank is manned by 7th and 8th grade students, who have gone through an intense training program with the Bank’s training Officer. A Bank of Lancaster representative is always there during banking hours for support.
Bright Futures is open for business every Wednesday from 11 a.m. until 1 p.m.
Featured Article: Bright Futures Opens for Sixth Year
Shown above are the Go for the Gold Bank employees and a Bank of Lancaster representative on Opening Day.
Northumberland High School and Bank of Lancaster have partnered to make history as the first School Bank in Northumberland County opened on Tuesday, March 23, 2010. In support of this educational opportunity for our local youth, on hand for the Ribbon Cutting Ceremony and Grand Opening were not only local school and bank officials but representatives from both the Virginia Bankers Association headquartered in Richmond, VA and the American Bankers Association Educational Foundation headquartered in Washington, D.C.
In order for every student at the school to be able to participate in the program, Bank of Lancaster provided the $1.00 bill needed to open the account. When the students came to open their account, if the serial number on the dollar they drew from the “bag” matches a list of winning serial numbers, the student won an additional $10 for their savings account.
The School Bank is manned by students who have gone through an intense training program with Bank of Lancaster’s Training Officer.A Bank of Lancaster representative is always there with the students each Tuesday and provide support as needed.
Go for the Gold Bank is open for business every Tuesday during the lunch blocks.
Featured Article: Go for the Gold Opens For Third Year
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