Press Releases
PRESS RELEASE
Marketing Department
P.O. Box 250, Evans City, PA 16033
Contact:
Lauren W. Way
Marketing Communications Manager
724.538.2205
lway@thebank.com
Starting Young--
NexTier takes proactive approach to teaching youngsters about saving
Representatives from NexTier Bank branches took part in “National Teach Children to Save Day” on Tuesday, April 24. They joined banks across the country in this effort by the American Banker’s Association (ABA). According to the ABA website’s listing of participating banks, NexTier was the only bank from western Pennsylvania to participate in this event.
NexTier branch representatives visited 14 classrooms ranging from kindergarten to sixth grade. They included St. Luke’s Lutheran, Allegheny-Clarion Valley Elementary, Summit Elementary, Bruin Elementary, and Butler County Headstart.
Because many young Americans don’t know the financial facts of life, these “savings” presentations to local school district classrooms are designed to help students learn to make smart financial choices throughout life. Through lessons and hands-on activities, students learn about budgeting, saving, recognizing needs and wants and how interest makes money grow.
According to the ABA, for many schools, financial education, like art or music classes, is a luxury they just can’t afford. Only seven states* require a personal finance course for high school graduation, and several states** will incorporate financial education into their curricula in the coming school years. At present, as many as 86 percent of students have never taken a course in personal financial education.
* Alabama, Georgia, Idaho, Illinois, Kentucky, New York and Utah.
** Texas, South Dakota, and Missouri have passed legislation in 2006 and are waiting for implementation.
About NexTier
NexTier is an innovative, full-service financial institution that focuses on providing comprehensive solutions and expertise for privately held businesses and individuals. Business lines include NexTier Bank, NexTier Mortgage, NexTier Insurance Services, NexTier Wealth Management, The Family Business Center at NexTier, and NexTier Armored Services. NexTier Bank operates a commercial lending office in, Phoenix, Arizona. NexTier has 16 branch offices serving Butler, Armstrong, and northern Allegheny counties, as well as Radnor Trust in Radnor, PA. NexTier's corporate offices are in Butler, PA and Wexford, PA. NexTier has more than $490 million in assets and 297 employees. Information is available at thebank.com or 1.800.262.1088.
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