SOUTHERN PINES, N.C.,
April 21, 2020 /PRNewswire/
-- Maintaining its long-standing commitment to support
financial literacy in the communities across the Carolinas, First
Bank is sponsoring the EVERFI National Financial Bee—a
first-of-its-kind nationwide financial literacy challenge for
students in 7th to 10th grade.
Hosted and created by EVERFI, the National Financial Bee takes
place April 20-30, 2020, and provides
an opportunity for students to have some fun and learn critical
financial concepts at home while social distancing during the
current pandemic. It features a short daily digital lesson and
capstone essay contest in which students will share a financial
dream of theirs and how they plan to get there.
The winners of the National Financial Bee will receive a total
of $20,000 in college scholarships.
First Bank is also offering three $1,000 scholarships to students in the Carolinas
who enter through its contest website.
"We've always believed in the power of teaching children to save
and to be smart with their money," said Bill Bunn, EVP and branch banking executive.
"The National Financial Bee was an ideal vehicle to do that at a
time of unprecedented uncertainty. We are proud to support parents
and students in this way, and hope it helps drive dinner-table
conversations about important financial topics."
During each day of the challenge, participating students will
gain new skills to create a personalized financial decision-making
framework that they can apply to their lives now and in the future.
Topics include spending and saving, credit and debt, employment and
income, investing, and insurance.
"Across the country, families are facing unprecedented
uncertainties and challenges. Parents are dealing with the loss of
income or are adjusting to working from home, while students are
trying to continue their studies outside of the classroom," said
Ray Martinez, founder, and
president, EVERFI. "We've always been committed to helping students
increase their financial literacy, and during this historic time we
are also working to help parents feel secure -- and help students
stay engaged. The National Financial Bee is a fun way for students
to compete with their peers while social distancing."
Beyond the contest, EVERFI works with First Bank to provide free
financial education courses on the bank's website and through its
First@Work program to employees at companies across North Carolina and South Carolina.
To learn more about the National Financial Bee, or to
participate, visit https://localfirstbank.com/everfi.
About First Bank
First Bank is the banking subsidiary of First Bancorp and is
headquartered in Southern Pines, North
Carolina, with total assets of approximately $6.1 billion. As a state-chartered community
bank, First Bank operates 101 bank branches in North Carolina and South Carolina. Since 1935, First Bank has
taken a tailored approach to banking, combining best-in-class
financial solutions, helpful local expertise, and technology to
manage a home or business. First Bancorp's common stock is traded
on the NASDAQ Global Select Market under the symbol "FBNC." Visit
our website at www.LocalFirstBank.com. Member FDIC, Equal Housing
Lender.
About EVERFI
EVERFI is an international technology company driving social
change through education to address the most challenging issues
affecting society ranging from financial wellness to prescription
drug safety to workplace conduct and other critical topics. Founded
in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS)
community engagement platform and has reached more than 41 million
learners globally. Recognized as one of the World's Most Innovative
Companies by Fast Company in 2020, EVERFI powers community
engagement in a sustained manner to empower individuals and
organizations to make an impact within their communities. The
Company also convenes Networks to bring together financial
institutions, colleges, and universities, and some of the largest
corporations to leverage insights and connections to drive impact.
Some of America's leading CEOs and venture capital firms are EVERFI
investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink
Education and Rethink Impact. Learn more about EVERFI at
everfi.com.
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SOURCE First Bank