Richwood was recognized with the Institute’s Money Smarts Banky™ Award for Financial Literacy Education as a result of their extraordinary service to their customers and community through a commitment to financial literacy programs.
Within the past two years, Richwood has boosted its financial literacy education programs within the communities they serve. Led by the Richwood U team, Richwood employees participate in helping educate our communities about finances from the youngest of grade levels to high school and beyond. Richwood’s newest, and most successful literacy program, implemented in 2017, is their online financial literacy program for high school, junior high, and elementary aged students.
Completely supported by Richwood Bank, Banzi is an online financial education platform designed to provide teachers with an entire course around teaching real-world financial literacy. Banzi exposes students to real-life adult financial dilemmas, from taming a budget and paying auto insurance to navigating taxes. Implemented in 15 schools with 26 teachers, to-date 1,800 students are more knowledgeable about finances. The best part, Richwood’s financial literacy program aligns with state mandates that require integration of financial literacy into the classroom.
The Extraordinary Banking™ Awards highlight the vital, yet often overlooked, role that local community banks play in our economy. Without a vibrant local banking industry, our small businesses and families often lack the have-your-back support of a true community bank that makes communities really thrive.
The Extraordinary Banking™ Awards recognize the best of what community banks offer to our cities, towns, and nation: a true commitment to the success of the small businesses and local community they serve.
Roxanne Emmerich, Chair and Founder of The Institute for Extraordinary Banking, proclaimed during the awards ceremony: “Community banks are the backbone of America: They are what keeps a community thriving. When a community bank leaves a community, small businesses often struggle to stay, and jobs leave. Every robust community has a strong community bank that understands how to help that community thrive and grow.”