School Banking Program
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
Notice of the Bank's Information Practices with Regard to Children
The Bank does not request that children submit personal information online, enable children to make personal information publicly available through a chat room, message board, or other means, or passively track or use any identifying codes linked to children, such as persistent cookies.