INDIANA, Pa., May 9, 2013 /PRNewswire/ -- S&T Bank (NASDAQ: 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. Through the end of the school year, financial professionals at S&T Bank are expected to speak to more than 3,200 students in kindergarten through 5th grade. Representatives from the bank are scheduled to visit 40 elementary schools within S&T Bank's 11-county footprint.
"At S&T Bank, we take part in the annual Teach Children to Save campaign because we believe it is important to help young people learn responsible money management skills," said Todd Brice, president and CEO of S&T Bank. "I hope that students across the region find our lessons fun yet informative, and that they take away the importance of developing lifelong good money management habits."
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 National Teach Children to Save Day was on April 23, 2013.
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 call Susan Gawel at 724.427.2002 or e-mail [email protected].
For more information about S&T Bank, please visit www.stbank.com or call 800.325.2265.
About S&T Bank
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, Washington and Westmoreland counties as well as a loan production office in Akron, 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 www.stbank.com.
SOURCE S&T Bank