Northern Virginia High School Students Shadow Bankers at Burke & Herbert Bank
Eight Seniors Given Opportunity for $7,500 in Scholarships
Alexandria, VA, March 16 – Virginia high school seniors from eight schools across the area spent the day at Burke & Herbert Bank as part of Bank Day, a statewide effort sponsored by the Virginia Bankers Association (VBA) Education Foundation and the Virginia Bankers Association Leadership Division. The purpose of the day is to expose students to the banking industry and provide an opportunity for the students to learn about banking, financial services and the vital role a bank plays in its community.
The third Tuesday in March was declared Bank Day by the Virginia General Assembly in 1991 and Burke & Herbert Bank was proud to host students for this important program. From their experience, participating students will write an essay for the chance to win a scholarship. Six regional scholarships of $2,500 each will be awarded, and from those six winners an overall statewide winner will be chosen. The statewide winner will receive an additional $5,000 scholarship and receive $7,500 in total. There will also be six honorable mention scholarships of $1,000 each. In all, 12 students will receive scholarships totaling $26,000.
During their visit, the students met with lenders to learn about the loan process, the importance of good credit, and the profile of a qualified borrower. They toured a branch and learned about the daily functions of a branch manager. They learned about Burke & Herbert Bank's involvement in the community and the importance of a bank in the vitality of its local community. Chairman & Chief Executive Officer E. Hunt Burke shared his experience and a few stories with the students from the Bank's 163-year local history.
"Bank Day is one of the best short-term, hands-on experiences that a classroom teacher can offer their students - the opportunity to go inside the bank vault, to watch customer/bank officer interaction, to learn about the many services that banks offer, and to start the networking that often leads to part-time and summer jobs, scholarships, and a start on a career path in the financial world," said Bruce Whitehurst, President & CEO of the Virginia Bankers Association.
"Burke & Herbert Bank is committed to increasing financial literacy, particularly among young adults, our customers of the future. That's why we were delighted to participate in Bank Day, hosting high school seniors from eight different area schools to share tips about personal finance and broaden their understanding of a bank's function in their community," said Terry Cole, Senior Vice President at Burke & Herbert Bank.
About the VBA Education Foundation
The Virginia Bankers Association Education Foundation was formed in 2007 with the objective of recognizing the importance of economic education and financial literacy in Virginia and supporting the banking industry as a key participant in these areas. Their mission is to advance personal financial literacy to students in all public and private schools across the Commonwealth.
About Burke & Herbert Bank
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Bank Day participants pictured above:
Front row: CaiLynn Birts (Mt. Vernon HS, Mt. Vernon); Melisa Dag (Lake Braddock Secondary, Burke); Olivia Ireland (West Potomac HS, Alexandria); Micala Gimenez (Osbourn Park HS, Manassas);
Back Row: Doriana Lichter (W.T. Woodson HS, Fairfax); Jordan Randle (St. Agnes/St. Stephens School, Alexandria); Nisan Shretha (Hayfield HS, Alexandria); Yasmin Azam (Robinson Secondary, Fairfax).