RIVIERA BEACH, Fla., June 1, 2016 /PRNewswire/ -- Comerica Bank and educators from Lincoln Elementary School honored 77 graduates from the Comerica Bank Money $ense Program, a financial education course designed to empower young people with the essential skills needed to make sound financial decisions. Comerica Bank has partnered with leading education technology company EverFi, Inc., to bring this interactive, web-based financial management program to 684 students in 16 Florida schools during the 2015-2016 year. Throughout the course of this school year, the participating elementary students completed more than 2,600 learning modules, or more than 2,000 cumulative hours of financial literacy instruction.
Students at Lincoln Elementary were recognized yesterday for their outstanding work in completing the program. The event included remarks from Comerica Bank Florida Market President Angela Mastrofrancesco and educators who implemented the Comerica Bank Money $ense Program at Lincoln Elementary.
"These students are our future consumers and the future leaders of our nation. The more we can do to help them learn, grow and prosper, the more the Florida economy will benefit and our communities will be strengthened," said Angela Mastrofrancesco, Florida Market President of Comerica Bank. "Comerica Bank is proud to partner with EverFi to bring this innovative financial education platform to Florida students to help them build a foundation of wise financial decisions and stewardship."
Comerica Bank has partnered with EverFi, Inc. to bring the program to local students at no cost to the schools or the taxpayer. The web-based program uses the latest in new media technology – simulations, avatars, gaming and adaptive-pathing – to bring complex financial concepts to life for today's digital generation. The course offers over three hours of programming with six units in a variety of age appropriate financial topics including budgeting, the differences between needs and wants, basics of saving and investing, credit and borrowing, the fundamentals of insurance, and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction.
"Lincoln Elementary School strives to create well-rounded students in all aspects of life, inside and outside the classroom," said Lincoln Elementary Principal Alicia Porter. "We are grateful for these public private partnerships that enable us to provide innovative resources and new opportunities to students in our district."
Comerica Bank (NYSE: CMA) operates full-service banking centers and wealth management centers in Fort Lauderdale, Naples, Palm Beach Gardens, Singer Island and Wellington, as well as Boca Raton, Comerica's Florida regional headquarters. Comerica is strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Florida, Comerica Bank locations can be found in its headquarters state of Texas, as well as Arizona, California and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $69.0 billion at March 31, 2016.
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America's leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, Rethink Education, New Enterprise Associates, Inc. (NEA), and Tomorrow Ventures (the investment arm of Google Chairman Eric Schmidt). Learn more at www.everfi.com.
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SOURCE Comerica Bank