Burke & Herbert Bank’s New “Learning About Money” Financial Literacy Program To Be Recognized by Fairfax County Public Schools on May 13
Alexandria, VA – Burke & Herbert Bank announced today that its new “Learning About Money” program will be recognized by Fairfax County Public Schools (FCPS) on May 13 at FCPS’ “Partners in Education & Mentor Works” awards ceremony at Robinson Secondary School (5035 Sideburn Road, Fairfax, VA). The awards recognize valuable contributions made by business and organization partners in Fairfax County Public Schools to further increase student achievement.
Burke & Herbert Bank’s “Learning About Money” financial literacy program was initiated by the Bank in 2009. The program is designed to introduce personal finance concepts to children in grades K-12. Members of the Burke & Herbert Bank Financial Literacy Team visit schools to support educators in teaching about money, the role of banks and making informed decisions about personal finances, including the use of credit.
To introduce the program, Burke & Herbert Bank partnered with Springfield Estates Elementary in Fairfax County. The Bank has conducted regular lessons at the school since February with the goal of teaching every student in every grade by the end of the school year. Assistant Principal Anita Magrath noted the positive impact the “Learning About Money” program has had on her students. “Having a partnership like this where ‘real world’ businesses come in and offer their knowledge is so valuable,” said Ms. Magrath. “Burke & Herbert Bank’s Financial Literacy Team is helping tie multiple curriculum subjects together: math, vocabulary, and economics. Burke & Herbert Bank values its role in the community and that is exactly what we were looking for in a partner.”
Burke & Herbert Bank’s Financial Literacy Team members also have visited several other elementary schools and area high schools as well. The lessons incorporate a mix of concepts and terms about money, the role of a bank, the positive goal of saving money, and, for high school students, a lesson about avoiding debt. The Burke & Herbert Bank Financial Literacy Team uses discussion, visuals, games, and role-playing to keep the lessons engaging and interesting for the students.
The lessons are offered on an ongoing basis and schools and youth groups are invited to contact the bank to request one lesson or a series.
“As the area’s longest-serving bank, we feel a responsibility to support parents and teachers with the important goal of educating children about personal finance,” said Toni Andrews, Director of Public Relations at Burke & Herbert Bank. “We are especially proud that our program is offered on a regular basis and that we are able to tailor lessons to a school’s needs.”
W. Scott McSween, President and Chief Operating Officer of Burke & Herbert Bank said, “Businesses in partnership with schools can be a powerful force in providing real world experience and knowledge in a positive, engaging manner that benefits everyone. We are proud that together, teachers, parents and Burke & Herbert Bank team members can make a real difference in the financial future of our children.”
Information about the program is available on the Bank’s website at http://www.burkeandherbertbank.com/ or by calling Toni Andrews at 703-684-1655.
Burke & Herbert Bank & Trust Company, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. Burke & Herbert Bank provides a full range of personal and business banking products and services including mortgages, business loans, trust services, 24-hour online banking (www.burkeandherbertbank.com) and mobile banking for customers on the go. The Bank operates 22 branches in Northern Virginia along with its e-Branch, which enables customers to open a checking or CD account online. Burke & Herbert Bank & Trust Company, Member FDIC.
Trust products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.