8/5/2021 – Adams Community Bank Supports Financial Literacy in Local High Schools
ADAMS, Mass – Charles P. O’Brien, President and CEO of Adams Community Bank, announced that the bank has developed strategic relationships with 11 high schools across Berkshire County to offer a multifaceted financial literacy program this school year.
The program is offered through Ramsey Solutions and provides a curriculum to students titled Foundations in Personal Finance. Dovetailing with the bank’s goals of increasing financial literacy across Berkshire County, the philosophy of this program is that every student in America should graduate from high school knowing basic money management principles.
O’Brien commented, “We frequently hear from customers seeking ideas and tools to help them better manage their finances. This series of modules covers topics ranging from saving, budgeting, managing credit and debt, understanding insurance, and paying taxes, and will provide training on many relevant topics. As a champion of education, the bank will underwrite the entire cost of this program at these 11 high schools.”
According to a Federal Reserve Board report, 40% of Americans can’t afford a $400 emergency expense. The bank views financial literacy in high schools as essential because it equips students with the knowledge and skills to emerge as independent adult consumers. Students who receive financial education are more likely to make sound financial decisions and live a lifetime of healthy personal finance.
The bank will deploy its resources and expertise to help provide the next generation with the financial education necessary for lifelong financial empowerment. This offering is part of a broader initiative by Adams Community Bank to increase the financial knowledge of the residents and businesses of Berkshire County through outreach and charitable giving.
Adams Community Bank is an independent community savings bank located in the Berkshires of western Massachusetts and headquartered in Adams, MA. Adams Community Bank’s savings bank charter was incorporated in 1869, and the institution has approximately $838 million in assets. Adams Community Bank has eight locations in the region. They are in Adams, Cheshire, Lanesboro, Lee, Lenox, North Adams, and Williamstown.
Member FDIC. Member DIF. Equal Housing Lender.
Visit adamscommunity.com for more information.