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Walking on the Beach

Bank of Lancaster Participates in Teach Children to Save Day

07-Apr-2017 Bank of Lancaster – Virginia Commonwealth Bank kicked off its “Teach Children to Save Day” presentations with a visit to the first grade students at Colonial Beach Elementary School. “Teach Children” is a national event held annually in April. It is sponsored by the American Bankers Association’s Educational Foundation and the Virginia Bankers Association, and the program provides an opportunity for banks to partner with their local schools and share with students tips on how to spend and save wisely.

Bank of Lancaster-Virginia Commonwealth Bank’s Ann Marchetti (right) kicked off the national “2017 Teach Children To Save Day” program with first graders at Colonial Beach Elementary. Marchetti and Hazel Farmer, the Bank’s Consumer Education Director, visited with 40 CB students on April 4th.

Hazel Farmer, Senior Vice President and Consumer Education Director for the Bank stated, “This year ‘Teach Children to Save’ is celebrating its 20th anniversary, and we have been proud to be a part of the program since it began. Over the years we have had the opportunity through this program and through our partnership with our local schools to help thousands of young students here in our Northern Neck discover the joys and rewards of saving for something special, as well as understanding of the difference between a want and a need. The program is designed to give students practical training on how to develop the know-how needed to manage their money. As community bankers, we want to help young people achieve a sound financial future. Tweens are a prime consumer target group, and we’re doing what we can to help these elementary students learn how to make good decisions when they reach their tween years. If these good savings habits can be learned early, it will help them become wiser money managers and help them from making poor financial decisions as young adults that could take years to overcome.

“We are proud to again this year participate in this special program, and we thank our local elementary schools and teachers for allowing us to come to the classrooms and share this program.”


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