INDIANA, Pa., April 12 /PRNewswire-FirstCall/ -- S&T Bank (Nasdaq: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, will add savings to the lesson plan in classrooms across the region this spring when the bank participates in the national Teach Children to Save Day, scheduled for April 27, 2010. On that day, employees from S&T Bank will transform into teachers for a day by heading into local classrooms and sharing the fundamentals of personal savings.
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"Reading, writing and arithmetic are critical lessons for every school child. With Teach Children to Save Day, S&T Bank is looking to add a fourth 'R' to the equation, and that 'R' stands for Responsibility," said Todd Brice, president and CEO of S&T Bank. "Forming good habits about money management should start early. With this program, our bankers take an important message about savings directly into the classroom, where we offer tips to elementary school children on how to start and maintain an individual savings program."
The American Bankers Association (ABA) Education Foundation created the Teach Children to Save program in 1997. The program encourages students to take The Savers' Pledge, which symbolizes their promise to save, to open or contribute to their savings account, to focus on their needs instead of their wants and to encourage their friends to save. Teach Children to Save has reached 3.4 million students with the help of more than 80,000 volunteer bankers nationwide. The program's goal is to reach five million students by the end of 2011, which will mark the program's 15th year.
S&T Bank's participation in Teach Children to Save is one of a host of initiatives aimed at providing financial guidance to young people in western Pennsylvania:
-- S&T Bank's Moola Moola Kids Savings Account is a passbook savings club that teaches kids age 13 and under all about money and saving. The program provides special giveaways and rewards, thereby offering children a valuable first lesson in saving money.
-- Launched in 2007, S&T Bank's Smart Start Banking provides teens with a unique array of banking solutions as well as an opportunity to apply for a $1,000 S&T Bank scholarship. From savings tips and checkbook balancing to no-minimum balance account requirements or costly fees, students can obtain essential banking skills and services that will benefit them now and in the future.
-- S&T Bank regularly participates in the Get Smart About Credit Day each fall, another program created by the ABA Education Foundation. Bank representatives visit schools throughout western Pennsylvania, where they offer lessons to students on topics such as credit worthiness, the cost of credit cards, how to read a credit report and preventing identity theft.
"It is important to educate, motivate and empower children to become savers, and S&T Bank's Teach Children to Save program does all three," said Andrea Perkovich, kindergarten teacher at Purchase Line School District in Commodore, PA. "When S&T Bank came into my kindergarten classroom, my students were surprised to discover how important money is to our community. The Moola Moola Kids Savings Account demonstrated the concept of earning interest in a fun, yet accessible way. Most importantly, the students were encouraged to become financially savvy decision makers. I believe that this program is an excellent addition to the educational curriculum of any classroom."
School districts that are interested in securing an S&T Bank employee for Teach Children to Save Day should call S&T Bank at 800.325.BANK.
About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 53 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.2 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit www.stbank.com.
SOURCE S&T Bank