M&T Bank Employees Bring Money Tips to Hundreds of Elementary Students
April 28 2008 - 5:43PM
PR Newswire (US)
BUFFALO, N.Y., April 28 /PRNewswire-FirstCall/ -- From saving to
buy an MP3 player to saving for college, elementary school students
at 19 schools in three states will learn about the importance of
saving from M&T Bank volunteers during "National Teach Children
to Save Day." M&T employees will join thousands of bankers
across the country visiting local schools tomorrow, April 29th, as
part of the American Bankers Association Education Foundation's
National Teach Children to Save Day, a financial literacy
initiative established in 1997. "A recent national survey by the
JumpStart Coalition for Personal Financial Literacy shows that our
high school students get failing grades when it comes to
understanding money. Introducing some basic money concepts, such as
the importance of saving, to elementary school kids is a good place
to start building these basic skills," said M&T Bank President
Mark Czarnecki. M&T volunteers are teaching students in the
following schools: New York Westminster Community Charter School,
Buffalo Public School #25, Rochester Public School #8 -- Roberto
Clemente Elementary, Rochester St. Augustine School, Highland
Pennsylvania Logan Elementary, Altoona St. John the Evangelist,
Altoona Camp Curtin Elementary School, Harrisburg Central Manor
Elementary, Lancaster Bensalem High School, Bensalem Corpus Christi
Elementary, Chambersburg West Beaver Elementary, Lewisburg
Middleburg Elementary, Middleburg Spring Grove Elementary, York
Paradise Elementary, York Bellefonte Elementary School, Bellefonte
Maryland Violetville Elementary School, Baltimore George Washington
Elementary School, Baltimore Lake Arbor Elementary School, Prince
George's County Sargent Shriver Elementary School, Silver Spring
The bank offers the following tips to help parents promote good
saving habits: -- Make saving visible -- putting change in a jar
helps introduce the concept of saving. -- Check your local library
or bookstore for children's books that teach basic financial
concepts. -- Help kids open their own bank savings accounts and
make deposits regularly. Many banks have children's accounts that
have no fee or minimum balance requirements. -- Talk to your
children about budgeting and help them budget for an outing or
purchase. -- Teach children how an ATM machine works and explain
that you have to put money into a bank before you can take it out.
The ABA Education Foundation's National Teach Children to Save Day
is held every April, giving bankers an opportunity to address the
importance of saving with children across the country. M&T Bank
serves customers at 690 branches in New York, Pennsylvania, New
Jersey, Maryland, Delaware, Virginia, West Virginia and Washington,
D.C. For Further Information: Chet Bridger 716-842-5182 DATASOURCE:
M&T Bank CONTACT: Chet Bridger for M&T Bank,
+1-716-842-5182 Web site: http://www.mandtbank.com/
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