Premier Service Bank Employees Help Area Students Learn Financial ABCs on National Teach Children to Save Day
Riverside, CA, April 29, 2010 – Employees of Premier Service Bank, a California state-chartered bank headquartered in Riverside, California (OTCBB:PSBK), gave savings lessons to over 350 students at Lincoln Alternative Elementary School in Corona, CA and Tomás Rivera Elementary School in Riverside, CA. These lessons were conducted as part of the American Bankers Association Education Foundation’s Teach Children to Save Program.
Premier Service Bank employees joined thousands of bankers across the country who traded in their balance sheets for blackboards to help fill the need for financial education.
"Studies show that kids aren't learning the skills they need to make smart financial decisions as adults," said Kerry Pendergast, President and Chief Executive Officer. "Communities and schools teach other life skills, such as driving a car, but we don't spend enough time teaching financial skills. Bankers are in the schools today to help fill that gap and prepare future customers for financial success."
The presentation included games and activities about the concept of saving, how interest makes money grow, how to budget and determining needs and wants. Since the American Bankers Association Education Foundation's National Teach Children to Save Day began in 1997, thousands of bankers have taught money skills to more than one million students.
Premier Service Bank offered the following tips to help parents make every day "Savings Day":
- Help kids open their own bank savings account and make deposits regularly. Many banks have children's accounts that have no fee or minimum-balance requirements.
- Talk to your child about the family budget. Include a discussion on wants and needs. Reinforce this by budgeting for a family outing or purchase.
- While children know that money doesn't grow on trees, they may think it comes out of a wall. Show them how an ATM machine works and explain that to take money out of the bank you must first put it in.
- Give your kids positive feedback. As they get older, give them responsibility over how they spend their money.
ABOUT PREMIER SERVICE BANK - Premier Service Bank is a local community bank and specializes in providing an array of banking products and services to commercial businesses, non-profit organizations, and consumers. It has two full-service offices located in Riverside and Corona. The bank is a member of the FDIC.
Daniel Teklai, Vice President
Voice: (951) 274-2400
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