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Citizens National Bank Employees Help Local Students Learn Financial ABCs on National Teach Children to Save Day
For More Information, Contact: May 4, 2009
Kim Dalton
Assistant Vice President/Marketing Officer
Citizens National Bank
606.264.3049
CITIZENS NATIONAL BANK EMPLOYEES HELP LOCAL STUDENTS LEARN FINANCIAL ABCs ON NATIONAL TEACH CHILDREN TO SAVE DAY
PAINTSVILLE, KY – April 21, 2009, Citizens National Bank employees joined thousands of bankers across the country and traded in their balance sheets for blackboards as a part of the American Bankers Association Education Foundation’s Teach the Children to Save Program.
Employees of Citizens National Bank taught savings lessons to 500 students throughout the 8 counties Citizens National Banks serves; Boyd, Carter, Fayette, Floyd, Greenup, Johnson, Magoffin, and Pike.
The presentations included games and activities about the concept of saving, how interest makes money grow, how to budget and determining needs and wants. Since the American Bankers Association Education Foundation’s National Teach Children to Save Day began in 1997, thousands of bankers have taught money skills to more than one million students.
Citizens National Bank offered the following tips to help parents make every day “Savings Day:”
• Help kids open up their own bank savings account and make deposits regularly. Many banks have children’s accounts that have no fee or minimum-balance requirements.
• Make going to the bank fun! Some banks have kids clubs where members get newsletters or receive balloons when they make a deposit.
• Kids love to get mail, so encourage them to keep an eye out for their monthly statement.
• Talk to your child about the family budget. Include a discussion on wants and needs. Reinforce this by budgeting for a family outing or purchase.
• While children know that money doesn’t grow on trees, they may think it comes out of a wall. Show them how an ATM machine works and explain that to take money out of the bank you must first put it in.
• Give your kids positive feedback. As they get older, give them responsibility over how they spend their money.
The ABA Educations Foundation, a nonprofit subsidiary of the American Bankers Association, is committed to developing and providing education programs that lead to financial literacy. The ABA Education Foundation’s National Teach Children to Save Day is held every April when thousands of bankers make presentations to students on the importance of saving for their future.
About Citizens National Bank
Citizens National Bank, which will celebrate its 100th anniversary in 2010, is one of the largest independently owned and operated community banks in Kentucky with assets of $574 million. Citizens National Bank is headquartered in Paintsville, KY. Citizens National Bank has 17 locations in 8 counties throughout east, northeast and central Kentucky. The bank is a wholly owned subsidiary of Citizens National Corporation, a diversified financial services company.
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