County Bank Teaches Importance Of Savings

bankCounty Bank joined the annual Delaware Bankers Association, Teach Children To
Save Days on April 8 and 9. Visiting local schools including Banneker Elementary, representatives from County Bank educated children on the importance of saving and how their money will help the local economy.

Teach Children to Save (TCTS) is a national program that organizes banker volunteers to help young people develop a savings habit early in life. Since the program started in 1997, some 130,500 bankers have taught savings skills to 6 millions students. Taking part in the event, nine volunteers from County Bank visited eleven elementary school class rooms through-out southern Delaware. The bank’s volunteers presented a mystery story line called “The Great Investo and the Secret Saver”.  In this program children learn saving principles through fun activities and interaction.
Kelly Sylvester, a Milford native and County Bank employee, volunteered locally at Banneker Elementary. She spoke with teacher Kathy Starkey’s third grade class about the importance of understanding money at an early age.

“The earlier you start learning the importance of saving, the easier it is to transition into it as an adult,” commented Sylvester, Business Develop Officer and Vice President at County Bank. “Probably now more than ever in this economy, we want to teach them to put back a little at a time.”

More than just saving for their own future, Sylvester explained to the children how the bank can use their money to help out local businesses. Although explaining ideas such as corporate lending to third graders can be a challenge, Sylvester says the important part is to explain to them that their money is used in the community, not just sitting at the local branch.

“At this age they do not really understand the concept of lending to local businesses so we try to teach them how their money does more than just sit there,” commented Sylvester.

County Bank continues to reach out to local communities including Milford, where the branch is located at 100 East Masten Circle off Route 113. Community members are encouraged to help their kids participate early in the savings process, teaching them the importance of preparing for their future, by talking with their local Branch Manager Donna Thompson. She can be reached by phone at 302-424-2500 or email at DThompson@countybankmail.com

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