SAN FRANCISCO, Dec. 2, 2015 /PRNewswire/ -- First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, is expanding its efforts to improve financial literacy among elementary school students with EverFi, one of the nation's leading education technology companies.
The initiative is part of First Republic's ongoing commitment to improving financial education within its communities. First Republic is introducing the innovative financial literacy program to 57 inner city elementary schools in California, Oregon, New York, Massachusetts and Florida during the 2015-16 school year following the success of an initial program earlier in the year.
The program is powered by EverFi's web-based program, Vault-Understanding Money™, and uses technology – simulations, games and avatars – to simplify and bring to life financial concepts. The program enables students to become certified in personal finance topics such as budgeting, saving, responsibility and decision making, credit and debt, careers, income, and charity.
"Financial literacy is at the core of our country's economic health, and First Republic is pleased to help children throughout our communities establish these lifelong skills," said Jim Herbert, CEO of First Republic Bank. "With EverFi's technological know-how, we're providing children with a solid understanding of money and personal finance that will help them plan and work toward their goals. We look forward to expanding to additional communities through our partnership with EverFi."
EverFi provides education programs to children and adults across the U.S. and has partnered with the White House, Southern Christian Leadership Conference, Teach For America and National Hockey League. EverFi's financial education program has been included in the Consumer Financial Protection Bureau's Reference Guide for advancing K-12 financial education.
"EverFi's leading-edge technology is transforming how students learn. Our Vault curriculum is a fun and interactive program that creates excitement around financial literacy," said Tom Davidson, CEO of EverFi. "First Republic's commitment to financial literacy will greatly benefit thousands of students in its communities."
About First Republic Bank Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; and Greenwich and New York, New York. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
About EverFi 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.
SOURCE First Republic Bank