Your Community Bank program inspires Clark County middle school students to save for the future
NEW ALBANY, Ind. – (June 22, 2011) – Your Community Bank has reached approximately 850 middle school students in the Greater Clark County School System with hands-on presentations regarding the importance of saving money for the future. Your Community Bank employees made a total of thirty Teach Children to Save presentations reaching students in Parkview Middle School, River Valley Middle School and Charlestown Middle School. The program took place throughout the last few weeks of the school year.
Sponsored nationally by the American Banking Association Education Foundation, Teach Children to Save is designed to raise awareness about the important role banks and bankers play in helping young people develop lifelong savings and financial habits. Clark County students were taught to save, spend, give, and invest. The national program’s goal is to encourage bankers to reach 5 million students before the end of 2011, the 15th anniversary of Teach Children to Save.
“This is a highly rewarding and important way for us to reach out to the youngest members of our community who are just beginning to understand the value of money,” said Diane Murphy, Your Community Bank senior vice president and community relations officer. ”There has been a nationwide trend in recent years toward declining savings – and this is a great way to help young people instill some good beginning savings habits.”
The Pew Research Center reports nearly 63 percent of Americans acknowledge not saving enough and a Charles Schwab Teens and Money 2007 Survey found that 24 percent of teens think saving is unimportant because they are young.
“While we can teach beginning principles of personal financial management here in the classroom, Your Community Bank’s Teach Children to Save program provided lots of real life and simulated experiences the kids will likely experience as adults,” said Travis Haire, Ed. S., assistant superintendent of Greater Clark County Schools. “This has been a great experience for the kids.”
Note to editors: Photos taken during Your Community Bank’s Teach Children to Save presentations are available upon request.
About Community Bank Shares, Inc.
Community Bank Shares of Indiana, Inc. was formed in 1991 as the nation’s first ever mutual holding company. In 1995 the company went public under the NASDAQ symbol CBIN. Today, Community Bank Shares of Indiana, Inc. is Southeastern Indiana’s largest locally owned and headquartered bank holding company and includes Your Community Bank and The Scott County State Bank. The mission statement of Community Bank Shares of Indiana reflects its purpose: “Achieving financial goals through exceptional people and exceptional service.” Community Bank Shares of Indiana strives to help shareholders, customers, employees, and our communities achieve their respective financial goals by empowering talented individuals to provide a level of unmatched customer service. To learn more about us, please visit www.yourcommunitybank.com andwww.scottcountystatebank.com.
Statements in this press release relating to the Company’s plans, objectives, or future performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations. The Company’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties, including those discussed in the Company’s 2009 Form 10-K and subsequent 10-Qs filed with the Securities and Exchange Commission.
CONTACT:
Todd Frossard
SVP, Treasury Mgmt & Product Strategy
Your Community Bank
812-981-7350
TFrossard@yourcommunitybank.com
