INDIANA, Pa., April 14, 2014 /PRNewswire/ -- S&T Bank (STBA), a full-service financial institution with branch locations in 11 Pennsylvania counties, is helping local students learn the importance of saving money and practicing financial responsibility as part of the national Teach Children to Save® campaign. Throughout the campaign, financial professionals at S&T Bank expect to speak to more than 4,500 students in kindergarten through 5th grade at more than 50 schools within S&T Bank's regional footprint.
"S&T Bank is proud to take part in the Teach Children to Save campaign each year because we feel strongly that learning to save at a young age is the foundation for lifelong financial success," said Todd Brice, president and CEO of S&T Bank. "We encourage teachers to schedule a classroom visit with an S&T financial expert who can teach students the importance of developing smart financial management."
Sponsored by The American Bankers Association (ABA) Education Foundation, the Teach Children to Save Campaign has reached five million students with the help of more than 100,000 volunteer bankers nationwide since its inception in 1997. The program encourages students to promise to save, to open or contribute to their savings account, to focus on their needs instead of their wants and to encourage their friends to save. This year's Teach Children to Save Day was April 11, 2014.
S&T Bank's involvement with the Teach Children to Save Campaign is part of the bank's initiative to provide financial resources and guidance to young people in western Pennsylvania. The bank also offers a variety of checking and savings accounts specifically designed for children and teens, as well as resources for establishing good credit:
- S&T Bank's Moola Moola Kids Savings Account is a passbook savings club that teaches kids age 13 and under all about money and saving. The program provides special giveaways and rewards, thereby offering children a valuable first lesson in saving money.
- Launched in 2007, S&T Bank's Smart Start Banking provides teens with a unique array of banking solutions as well as an opportunity to apply for a $1,000 S&T Bank scholarship. From savings tips and checkbook balancing to no-minimum balance account requirements or costly fees, students can obtain essential banking skills and services that will benefit them now and in the future.
- S&T Bank regularly participates in the Get Smart About Credit Day each fall, another program created by the ABA Education Foundation. Bank representatives visit schools throughout western Pennsylvania, where they offer lessons to students on topics such as credit worthiness, the cost of credit cards, how to read a credit report and preventing identity theft.
Teachers who are interested in scheduling a day for an S&T representative to visit their classroom should contact Jessica Sharbaugh at 724-247-2002.
For more information about S&T Bank, please visit www.stbank.com or call 800.325.2265.
About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Centre, Clarion, Clearfield, Indiana, Jefferson, Washington and Westmoreland counties, as well as loan production offices in Northeast and Central Ohio. With assets of $4.5 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit http://www.stbancorp.com
- Banking & Budgeting