INDIANA, Pa., April 4, 2011 /PRNewswire/ -- S&T Bank (NASDAQ: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, will add savings to the lesson plan in classrooms across the region this spring when the bank participates in national Teach Children to Save Day, scheduled for April 12, 2011. Teachers have the opportunity to schedule S&T Bank professionals for lesson on the fundamentals of developing a lifelong saving habit.
"S&T will join banks across the country to celebrate the 15th annual Teach Children to Save Day by reaching out to local elementary schools with an important life skills program that teaches young people to develop savings habits," said Todd Brice, president and CEO of S&T Bank. "As a longtime advocate of helping children form good money management habits, S&T has taught more than 3,500 students how to start and maintain individual savings accounts with our Teach Children to Save Day program."
The American Bankers Association (ABA) Education Foundation created the Teach Children to Save initiative in 1997. The program encourages students to take "The Savers' Pledge," which symbolizes their 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. Teach Children to Save has reached 4 million students with the help of more than 97,000 volunteer bankers nationwide. The program's goal is to reach five million students by the end of 2011.
S&T Bank's participation in Teach Children to Save is one of a host of initiatives aimed at providing financial guidance to young people in western Pennsylvania:
- 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. S&T has reached more than 4,000 students in western Pennsylvania with the Get Smart About Credit program.
"Having S&T Bank and Moola Moola visit our fifth grade students at Blairsville Elementary School was very beneficial," fifth-grade teacher Diane Antonacci said. "They discussed the importance of how to save money and use resources within the community to get the things they need to help them today and in the future. I will gladly have S&T Bank come back to discuss the significance of saving money with our students again!"
Teachers who are interested in scheduling a day for an S&T representative to visit your classroom should call Susan Shank at 724.427.2002 or e-mail [email protected].
About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 51 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.1 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