Maroons branch bank open for business at CES
CLINTON – First National Bank and Trust Company, along with the Clinton Community School District and Clinton Community Education Foundation, announced this week the student-run Maroons Branch at Clinton Elementary opened on Wednesday, January 18.
The student bank is designed to introduce the economic concept of saving money at an early age and reinforce this idea throughout the elementary, middle and high school curriculum. In addition, the bank demonstrates saving money should be part of a student’s future financial plan, as well as increases parental involvement in children’s lives through banking activity.
“Excitement is in the air at Clinton Elementary School (CES). Kids were so serious when depositing their money into the inaugural CES Maroons Branch.
First National Bank and Trust Company did an amazing job in setting up the processes,” said Chris Shaffer, Clinton Community Education Foundation board member. “Connie was a great lead for us, and everything was well organized and smooth,” “One young depositor proudly shared she was saving for a house, a Disney trip and a Nintendo switch. Clinton Community Education Foundation is pleased to be a sponsor of this program.”
This is the first in-school branch for First National Bank and Trust Company, and 51 students participated in saving on the inaugural banking day. All students in 2nd through 5th grade will have an opportunity to bank every Wednesday morning. Twelve fifth graders who serve as student bankers will rotate each week. Both bank employees and education foundation members will volunteer to assist with the student-run branch.
“I enjoyed observing the student bankers, especially in the first few steps of the bank during sign up and registration. They were very helpful and took charge helping the other students get prepared to make their deposit,” said Terry Husted, Clinton Community Education Foundation board member. “All of the training and work of Connie Unruh and First National Bank and Trust Company was evident, and we had a very fun morning.”
“Saving money is a great skill to learn early in life. The purpose of this bank is to help instill the habit of saving in our young people, as we want to see lifelong savers,” said Connie Unruh, First National Bank and Trust Company financial literacy coordinator.
FNBT staff expressed their gratitude for the assistance from school officials.
The goal of the program is to provide students, K-12, with knowledge to make sound financial decisions. Additionally, the program collaborates with school districts to promote financial literacy.