Clinton, Illinois (WAND) – First National Bank and Trust Company announced the opening of a student-run branch at Clinton Elementary School.
First National Bank and Trust Company, along with the Clinton Community School District and the Clinton Community Education Foundation, announced the opening of a student-run Maroons branch at Clinton Elementary School on Wednesday, Jan. 18.
“This is the bank attached to Clinton’s First National Bank,” said fifth-grader Russell Sossamon.
Student banks are designed to introduce the concept of saving money from an early age.
“It’s so much fun to ride the momentum of kids saving money and watch it pile up. Knowing what you’re doing and starting the habit early,” said Josh Schofner, President, First National Bank and Trust Company.
First National Bank and Trust Company has dedicated employees dedicated to financial literacy year-round. Schoffner said he is working with schools and at-risk communities to provide them with information and tools they can use to take financial responsibility.
Clinton Elementary School Principal Sasha Young said the bank is a great learning opportunity for students. She looks at not just the academic skills she learned they learned, but also the practical ones like talking to peers and managing bank accounts.
“This allows them to learn about financial literacy and how to save for the future. create.”
The CES Maroons Branch emphasizes the importance of financial literacy and financial responsibility across the elementary, middle and high school curricula. Her fifth grader Cami Aughenbaugh, who works as a teller, sees it as a great opportunity to help her younger classmates.
“We can help other students, like younger students, so they can learn more about how to count money.”
Principal Young said there is talk of opening a student-run bank at the middle school. I made it
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